Having a partnership agreement set in place could prove to be very useful to those in the process of forming a new entity in the state of New Jersey. This document is not required by law, though we recommend drafting this for a number of reason. With this agreement you will be able to standardize a set of guidelines and rules between managing members. It covers company conduct regarding activity, the rights and responsibilities of managers, and much more. Take a moment to go over this with the help of legal advice and consider the benefits that this could have towards strengthening your partnership. If you would like to download our free template, click on one of the links either at the heading of this webpage or at the bottom of the image shown below (available in MS Word and Adobe PDF).