4 Key Components To New Firm Partnership Agreements

Law360 (August 28, 2018, 12:17 PM EDT) -- It's often shocking to discover how many law firms, both big and small, neglect to address critical business issues in a partnership agreement, if they even have one in the first place.

A partnership agreement is designed to protect the interests of the founders and establish the process for new and outgoing partners going forward, among other details. All businesses should have an agreement in place that is regularly reviewed and updated. Startup firms can begin with something less complex, but in due course the document should be expanded in a thoughtful and thorough manner so that the business isn't negatively...

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