We know that individual partners will also sign a partnership agreement and clearly agree on relevant matters. However, many people are worried that the partnership agreement they draft is invalid, and it will be bad if a dispute occurs in the future. So let’s take everyone together Let’s take a look at whether the personal partnership agreement is legally binding. I hope it will be helpful to everyone. 1. Is a personal partnership agreement legally valid? An agreement signed by two private parties will be valid if it meets the following four conditions: 1. Both parties should have the qualifications and ability to perform legal acts; 2. The parties should do so on a voluntary basis 3. The standards and content of the contract must be legal; 4. The contract must comply with the form prescribed by law. 2. How to write a partnership contract so that it is effective. According to the law, a partnership contract must follow the principles of voluntariness, equality, fairness, honesty and trustworthiness, clearly stipulate the rights and obligations of the partners, and shall take effect after being signed and sealed by all partners. Generally, the main contents of a partnership contract include the following: the contracting entity of the partnership, that is, the partner; the name or trade name of the partnership; the scope and duration of the partnership; the specific method and proportion of the partnership's capital contribution; profit distribution and debts Methods and proportions of responsibilities; agreements on entry, withdrawal, and transfer; responsibility and execution of partnership affairs; rights and obligations of partners; termination and liquidation of partnership; liability for breach of contract; dispute resolution methods; other agreements. The above content is agreed upon correctly, and generally it will be established and effective after all parties sign and fingerprint it. 3. What issues should be paid attention to when signing a partnership agreement (1) Agree on the responsibilities of partners in the partnership agreement. In the early stages of cooperation, entrepreneurial partners must clarify their respective responsibilities without being vague, and must be able to produce a written analysis of responsibilities. Because it is a long-term cooperation, clear responsibilities are the most important, so that they will not argue with each other in later operations. Many entrepreneurial cooperations will have problems due to insufficient responsibilities. (2) Clarify the profit distribution method in proportion to partnership investment. The cooperation investment ratio is determined by the pricing of both parties at the beginning of the cooperation based on their respective cooperation resources! Because the investment ratio is directly proportional to the distribution of benefits, it must be clearly specified in writing; of course, according to changes in operating conditions, the investment will also change. At the beginning, It is necessary to analyze the funds in the later period. If one party does not have the financing strength, the other party's investment will be converted into corresponding investment shares to distribute the benefits of input and output. (3) Exit mechanism for partners. When cooperating, you must think carefully about whether to cooperate. When one party withdraws, when will it withdraw, the ratio of investment ratio to withdrawal ratio when withdrawing, and how to compensate, and who will bear it? These should be clearly stated in writing in advance and signed into the contract, so that both parties can cooperate in the later stages of the project. Smoothly end unnecessary relationships, don't act out of loyalty, think that everyone is friends and don't have to worry about it, and a reasonable exit mechanism is a very important part of cooperation. (4) Establish business trust between cooperation. The reason why the law establishes the partnership system is to strengthen financial alliance through partnership when it is difficult for individuals to meet the requirements for establishing a company. However, the essence of partnership is still relatively strong personal trust between partners. The above is an introduction to the legal validity of a personal partnership agreement. I hope it will be helpful to everyone. It can be seen from the above that as long as the personal partnership agreement meets the above four conditions, it will be legally effective. You can take a closer look at the above four conditions. If you have any other questions, please log in for free online consultation.