11 suggestions for inclusion in the partner agreement.
there are certain provisions in a partner agreement that should be kept simple and short because over time, firms have a habit of making changes quite often. you don’t want to have to change your partner agreement every time you change the managing partner’s role.
more: handling pay during the disability of a partner | buyout when a partner dies | why and how new partners buy in | a crash course in partner retirement/buyout plans | protect your business with a solid partner agreement
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good examples are the firm’s system for allocating partner income and, to the point of this post, duties of the managing partner.
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