In order to ensure that your business partnership agreement adequately covers each of these areas, you closely involve your company`s legal advisor in the development and revision of the agreement. A business partnership agreement is a necessity, as it establishes a number of agreed rules and processes that owners sign and acknowledge before problems arise. In the event of difficulties or controversies, the Trade Partnership Agreement sets out how to tackle these problems. The most common conflicts within a partnership are due to decision-making challenges and disputes between partners. The Partnership Agreement shall establish decision-making conditions which may include a coordination system or another method of control and balance between the partners. A lawyer should help you with the partnership agreement to ensure that you include all important „what if“ issues and that you will avoid problems when the partnership ends. .