In accordance with Colorado Revised Statute 7-60-144, the drafting of a partnership agreement to organize the entity’s internal affairs is an optional step. A partnership agreement is an excellent way of establishing clear communication between the partners within a partnership and to detail the relationship held with the partnership itself. Although not legally mandatory, adopting a partnership agreement is an excellent way of ensuring that there is no future miscommunication regarding the all logistical, financial and structural affairs. Fee free to download the partnership agreement template linked below in both MS Word and Adobe PDF formatting.