Structure of the organization_ The involved parties should include a well thought organization structure. This should include roles and responsibilities of each partner. Before the start of the business, both parties should have a clear understanding of what they should bring in once the business operates.
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.