Need help in making a partner/co-founder agreement

[Priyanshpanther214]

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Priyanshpanther214
PARTICIPANT
April 6, 2025 at 4:04 am

I have a small business doing trading of garments , seeking it directly from my store and also doing b2b, there is an interested person known to my father since long , he has certain capital he wants to put in and has good network in this trade. But I’m not sure of onboarding him fully in the business, how do I go about it?

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[Desiknight9081]

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Desiknight9081
PARTICIPANT
April 6, 2025 at 4:34 am

Hello. I’m a Delhi based lawyer. Should you deem it appropriate, please feel free to reach out for a discussion on your query. Thanks.

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[Chetanshark166]

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Chetanshark166
PARTICIPANT
April 6, 2025 at 6:17 am

You’ll have to consider the extent of involvement that you want in your business, and based on that, you can have a partnership, where he’s a silent partner, or a more active one, and decide the profit sharing ratio as well. There needs to be a discussion between the two of you to know each other’s expectations from this business arrangement, and then this can be documented through an agreement. You can reach out to me for a more detailed discussion!

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[Ashishmaster940]

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Ashishmaster940
PARTICIPANT
April 7, 2025 at 2:17 pm

Lawyer here.

Makesure, it mentions roles and responsibilities clearly along with dispute resolution, termination/ exit clause.

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