When you start looking at templates you will find that there are literally dozens of them available, you may need to try several of them out until you find the one that will work best for you and all of the others who are involved in the venture. Your template should include spaces for you to clearly write down the objectives of the venture clearly so that everyone can understand and agree upon them. There should be a place that covers financial contributions and who is responsible for managing them.
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.