This partnership agreement is drafted in layperson's terms, and while it is not the preferred format, some people prefer to sign agreements they can readily understand. The agreement covers issues such as purpose, control, disputes, selling out, banking, accounting, audit and dissolution. Remember, if you carry on business as a partnership without a partnership agreement in place, any disputes will automatically be governed by provincial legislation. If you have not yet read or have forgotten what those terms are go to the free tutorial on Small Business Legal Structure.