Dispute Settlement_ Two minds working will not always be in harmony with each other. There is always a possibility of conflicts of interests. Foreseeing possible scenarios and setting settlement to solve them should be included in the partnership agreement template. It is crucial to any partnership because it will regulate conflicts before it destroys the business.
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.