Document background
The Mutual Partnership Agreement is a foundational document for establishing business partnerships in Singapore. It is essential when two or more parties wish to formalize their business relationship under Singapore's Partnership Act and related legislation. This agreement typically covers capital contributions, profit-sharing arrangements, management responsibilities, and exit procedures. It's particularly crucial for protecting partners' interests and ensuring clear understanding of roles and responsibilities. The document should comply with Singapore's legal framework and can be customized based on specific business needs and partnership structure.
