Document background
The 51 49 Partnership Agreement is designed for businesses operating under English and Welsh law where partners wish to establish a clear controlling interest while maintaining significant minority participation. This document is particularly useful when parties want to combine majority control with substantial minority protection rights. It covers essential elements such as capital contributions, profit sharing, management rights, and exit provisions, while ensuring compliance with the Partnership Act 1890 and related legislation. The agreement provides clarity on decision-making processes and helps prevent potential disputes by clearly defining each partner's roles and responsibilities.
