Document background
The Informal Partnership Agreement is essential for parties looking to establish a business relationship in Singapore without incorporating a formal company. This document, governed by Singapore's Partnership Act and related legislation, provides a framework for partners to define their business relationship, including capital contributions, profit sharing, management rights, and operational procedures. It's particularly suitable for small businesses, professionals, and entrepreneurs who want a flexible structure with clear guidelines. The agreement helps partners understand their rights and obligations while maintaining compliance with Singapore law.
