Document background
The 60 40 Partnership Agreement is designed for businesses operating in Singapore where two parties wish to formalize their business relationship with an unequal ownership structure. This document is particularly useful when one partner contributes more capital or takes on greater operational responsibility, warranting a larger ownership share. The agreement complies with Singapore's Partnership Act and provides comprehensive coverage of partnership operations, including capital contributions, profit sharing, management rights, and exit provisions. It's commonly used in new business ventures or when restructuring existing partnerships to reflect different levels of involvement or investment.
