Document background
The Simple Partnership Agreement is a fundamental legal document used when two or more parties wish to establish a business partnership in Denmark. This document is particularly suitable for small to medium-sized businesses, professional service providers, or individuals looking to formalize their business collaboration under Danish law. The agreement encompasses key elements required by Danish legislation, including the Danish Partnership Act and related business laws, while providing flexibility for partners to structure their business relationship. It addresses essential aspects such as capital contributions, profit-sharing arrangements, management responsibilities, decision-making processes, and exit procedures. The document serves as both a legal requirement and a practical guideline for operating the partnership, helping prevent misunderstandings and providing clarity on partners' rights and obligations.
