Question: What happens if business partners don’t sign a partnership agreement?
If partners do not enter into a partnership agreement then their partnership is governed by the relevant State legislation and case law developed by the courts if it ever comes to a dispute. See why the partnership agreement should be in writing.
Answered by Lachlan McKnight
Lachlan is the CEO of LegalVision, an innovative and tech-driven law firm. LegalVision is disrupting Australia's legal industry and transforming the way in which Australian businesses access legal services. He previously worked as a corporate lawyer and investment banker in London, Paris, Amsterdam and Hong Kong. Lachlan specialises in banking and finance, capital raising and startups.
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