The partnership agreementĀ of a LP, GP, LLP or LLLP is the only legally binding document which governs the relations between partners and the business. Any provision pertaining to the activities and affairs of a partnership and the manner in which these affairs are to be conducted will be stated in this document and this document alone. It is not legally required in the state of Idaho that new partnerships draft this agreement, although we highly suggest that our template be downloaded and reviewed by an attorney before being incorporated into your business structure. A free agreement template has been provided below, available in MS Word and Adobe PDF.


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