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Hi folks, Dave waring here from and today's lesson of the day. In our lastlesson we continued our series on how to start a successful business, with a look at howto choose a business partner. In today's video we are going to continue that series, witha look at partnership agreements. So let's get started!A partnership agreement serves many purposes, two of the most important of which are gettingeveryone on the same page about dispute resolution and business structure:Dispute Resolution: Every relationship has disagreements, and this is especially truein relationships where lots of decisions have to be made. A carefully crafted partnershipagreement allows you to outline how disputes are going to be handled ahead of time, insteadof in the heat of the moment. Business Structure: The process of puttingtogether a partnership agreement forces everyone to think about and get on the same page abouthow the business is going to be structured and run f

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