QUESTIONNAIRE FOR THE PRODUCTION OF A BUSINESS RELATIONSHIP CONTRACT
A business relationship contract will help manage and regulate the relationship between the owners of a business. As well as recording some formal information, this agreement sets out the rules of engagement between the parties, what each expects from the other, what should happen in certain circumstances e.g. bankruptcy, death, breach of contract, rules regarding duties and protection from other parties around share ownership and the sale of the business. Ideally this is drawn up by a solicitor with experience of these areas but if you are not able to invest in that, at least record the information below, which might be persuasive if you do end up in dispute at any time in the future.