Document background
The Legal Partnership Agreement is a fundamental document for businesses operating as partnerships in Singapore. It's essential when two or more parties wish to formalize their business relationship under Singapore law, particularly in compliance with the Partnership Act 1890. The agreement covers crucial aspects such as capital contributions, profit-sharing arrangements, management responsibilities, and dissolution procedures. It's particularly important for professional services firms, joint ventures, and family businesses, providing clarity on partners' rights and obligations while addressing specific requirements of Singapore's regulatory framework.
