lifetime partnership agreement

that is true in both personal life and in business. partnerships are governed by state partnership laws and by contracts known as partnership agreements. one of the keys to a long and successful partnership is solidarity between each of the partners. but adding a new partner to the mix can disrupt trust and potentially derail momentum that has been built up over time. long-term partnership agreements often contain provisions that require consent from the other partners before a new partner is added — largely to ensure that the original solidarity and energy remains intact.