Division of Assets_ In the event that a partner or both partners wants to dissolve the business, there should be a clear solution in the partnership agreement template as to how the assets should be divided and how much will go to each partner. Since this will mainly involve financial issues, it is best to set things clearly as this will cause great havoc if not settled.
Partner Compensation_ This is with regards to the skill set or manual labor brought in by a partner to the business. It may be likened to an employee compensation, wherein the person is paid for the service he or she renders to the business. If the partner is also the operations manager, the compensation for that job position should be clearly established in the partnership agreement.