Document background
The Management Partnership Agreement is essential for businesses operating in Singapore that wish to formalize their partnership management structure. It outlines crucial aspects such as partner responsibilities, profit distribution, decision-making processes, and governance frameworks. This document is particularly important under Singapore law as it provides legal certainty and protection for all parties involved, ensuring compliance with the Partnership Act and other relevant legislation. The agreement is commonly used when establishing new partnerships or restructuring existing ones, particularly in professional services, financial services, and other sectors where clear management structures are crucial.
