Document background
The 50 50 Business Partnership Contract is essential for entrepreneurs establishing an equal partnership business in Singapore. This document provides a comprehensive framework for two partners who wish to formalize their business relationship with equal ownership and control. It complies with Singapore's Partnership Act and related business legislation, covering crucial aspects such as capital contributions, profit sharing, decision-making processes, and dispute resolution mechanisms. The contract is particularly relevant for new business ventures where partners want to ensure clear documentation of their equal rights and responsibilities, protecting both parties' interests while establishing a solid foundation for their business relationship.
