Articles of partnership

Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into a business, with the understanding that there will be a sharing of the profits and losses between/among partners.

Outside of North America, it is normally referred to simply as a partnership agreement.

[1] A partnership agreement is a written and legal agreement between/among business partners.

It is always recommended but not essential for partners to have such an agreement.

Multiple sections are often included in articles of partnership, based on the circumstances: