Inter-Continental Business Partnerships

[freakysid]

I've been thinking I must be crazy lately, as I have been working towards developing a partnership with another party (who is in the UK - and a member here too) to provide an online service that we hope might make as a buck one day Hopefully this partnership will be formalised and the product launched soon.

Both partners will be active in the partnership. Both are providing certain resources to establish the business and the service, and both will be incurring ongoing expenses on behalf of the partnership.

Well partnerships/joint-ventures are fraught with risks at the best of times, however, this is a inter-continental partnership (UK/Oz). Does anyone have any advice as to how to draw up the partnership agreement or any tips or links to relevent online resources, or thoughts, experiences or advice to share?

[johnn]

Hello,

You can check these 2 url for form and advice.
http://www.allbusiness.com/
http://www.nolo.com/

John

[Matt Mickiewicz]

Hire a lawyer if you're serious about the partnership to draft up agreements... We've done this ourselves.

[Sparkie]

The best advice is to hire a lawyer.

However, if that's too expensive, you might want to take a look at some software by ProVenture called "Business Legal Forms" - it has some contracts in it for partnership agreements. If you want, fill out that contract and then have a lawyer look it over. It might save you some money, but I would seriously consider getting a lawyer to actually write up the partnership agreement. Just a thought. Best of luck!