construction partnership agreement
construction partnering is a way for contractors to maintain or grow their business or to solve a number of other challenges, including financial concerns and resolving disputes. the most common mistake made by contractors is entering into a partnership without a formal and comprehensive written partnership agreement, and the majority of disputes that arise are due to not having a formal agreement, or the agreement not addressing potential points of contention between all parties involved. transitioning out of the partnership or collaboration can be relatively smooth as long as there is a written contract that clearly and explicitly addresses company ownership, client management, financial issues and associated matters.