Document background
The Consultancy Partnership Agreement is essential when independent consultants decide to formalize their collaboration under U.S. law. This document outlines the structure of the partnership, defines roles and responsibilities, establishes profit-sharing mechanisms, and addresses liability and risk allocation. It's particularly important for protecting all parties' interests while ensuring compliance with both federal and state regulations governing professional partnerships. The agreement typically includes provisions for service delivery, client relationships, intellectual property rights, and partnership dissolution.
