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You are venturing into a business partnership with your best friend, your spouse, or your cousin. If you think you are safe from all the business conflicts that arise in most start up ventures because you know your partner very well, think again. Most conflicts and legal contests are because of this ignorant belief. You have to protect not only yourself but also your partner. Hence it is best for you to draw up a partnership agreement template before you decide to commit yourself.

If the tenancy agreement is set but one or both of the parties do not agree on certain provisions in the tenancy agreement, revisions are possible. In this scenario, both parties should be extremely careful that proper wording is included especially if both parties have no education on law whatsoever. Putting down simple thoughts and compromised policies may not transcribe to proper legal wording. There are however, straightforward alterations that both parties can change themselves. One example is the housing of pets in the property. Legally, it is advised that any alterations done in the agreement should be signed or initialed by both parties as proof that they both agree to the alterations before the actual policy takes place.

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