Document background
A General Partnership Agreement is essential when two or more parties wish to establish a business partnership in Singapore. This document formalizes the relationship between partners and provides a clear framework for business operations. It addresses crucial aspects such as capital contributions, profit sharing, decision-making processes, and dispute resolution mechanisms. Under Singapore law, partnerships are primarily governed by the Partnership Act 1890, and the agreement must align with local regulatory requirements. The document serves as a foundational tool for preventing misunderstandings and protecting partners' interests throughout the business relationship.
