Florida partnership agreements finalize the working relationship between two or more partners that own a business. Ideally, the partners behind the Florida business will foster a relationship of clear communication early on. However, it is generally advised that Florida partners research the business independently and jointly.
After their negotiations, the Florida business partners’ decisions on how their business must be run and the obligations each shall expect of the other should be documented through a well-composed agreement. The Florida partners should be confident that their interests are represented accurately in this agreement before signing it since the state will expect each to honor its content.
“(14) “Partnership agreement” means the partners’ agreement, whether oral, implied, in a record, or in any combination thereof, concerning the limited partnership. The term includes the agreement as amended or restated.”