Document background
The Generic Partnership Agreement is a fundamental legal document used when two or more parties wish to establish a business partnership in Singapore. It serves as the founding document that governs the relationship between partners, setting out their respective rights, obligations, and shares in the business. This agreement is particularly important in Singapore's business environment, where partnerships must comply with the Partnership Act 1932 and various other regulations. It typically includes provisions for capital contributions, profit sharing, management responsibilities, and exit procedures.
