Appendix B
Checklist: Issues to Consider for Partnership Agreements


The following is a list of common concerns and clauses in partnerships and partnership agreements. The list is not exhaustive, will vary in individual circumstances, and cannot replace legal advice. Architects should consult their lawyer(s) before negotiating and entering into a partnership or partnership agreement.


Establishment of the Partnership


Term and Termination


Disposition of Partnership Interests


Accounting


Restriction on Partners


Management of the Partnership


Capital and Income


General