When you find yourself considering going into business together you might want to consider how you are going to protect yourself in the event of a disagreement. If you are not planning to form a partnership you can always use a joint venture template to draw up an agreement that will protect all those involved in the venture. Considered a legally binding contract, you will find that when properly filled out this document will leave little for any errors or the type of misunderstandings that can cause what is otherwise a good, solid working partnership.
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.