Business Development Partnership Agreement

A business development partnership agreement is essential to protect the rights of each partner. Without such an agreement, each party is 100 percent liable for the business, even if they only own a small portion of it. Additionally, a business development partnership agreement limits who can perform transactions on behalf of the company.

Types of Partnership Agreements

There are several kinds of partnership agreements you can choose from when forming your business.

What to Consider When Composing a Business Development Partnership Agreement

If you're thinking of creating a business development partnership agreement, there are many questions you'll need to ask yourself. Some of them might include:

Outline of a Sample Consulting Partnership Agreement

While every consulting agreement will contain different details, the basic structure will remain the same. The first section will describe the scope of work and might include sections on:

The main section in an agreement contains information about the independent contractor. It might include information such as:

Next comes a section on compensation for consulting services. It will cover:

You might also want to cover the term and termination of the agreement, confidentiality, rights and data, conflict of interests, the right to injunctive relief, and any other general provisions.

If you need help with a business development partnership agreement, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.