Document background
The Operating Agreement Between Partners is a fundamental document for businesses operating as partnerships in Singapore. It serves as the primary governing document that defines how the partnership will operate, how decisions will be made, and how profits and losses will be shared. This agreement is particularly important in Singapore's business environment where partnerships must comply with the Partnership Act 1890 and related regulations. The document typically includes provisions for capital contributions, profit distribution, management rights, partner duties, and exit mechanisms. It's essential for both new partnerships and existing ones that need to formalize their arrangements or update their operating procedures.
