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Behind every harmonious parnership. . .
Author(s) -
Openshaw Nick
Publication year - 1997
Publication title -
in practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.211
H-Index - 25
eISSN - 2042-7689
pISSN - 0263-841X
DOI - 10.1136/inpract.19.4.236
Subject(s) - general partnership , blueprint , political science , law and economics , business , public relations , management , law , sociology , engineering , mechanical engineering , economics
AN essential requirement for any group of individuals carrying on business together is a properly drawn‐up partnership agreement. It not only provides a blueprint for the working life of the relationship but can also legislate in advance for situations in which the partnership comes to an end, whether voluntarily or involuntarily. In this article, Nick Openshaw sets out exactly why a partnership agreement is so important.