This may lead you to think that you do not need a draft written partnership agreement. When it comes to preparing or designing a legal agreement, it is always wise to study existing agreements. It helps you understand what standard practices are used in the market. In addition, it also saves a lot of time to think about both parties. Here is such an example of a partnership contract that can help you. Companies looking for venture capital for expansion, research, or even launch, can benefit greatly from tacit contributions from partners. However, these partnerships have their own complexities to develop. A global partnership agreement defines the responsibilities of both the complementary partner and the silent partner. As a general rule, a silent partner is only liable for debts corresponding to his initial capital contribution. In a limited partnership agreement, he is not personally liable for losses and debts incurred by the business entity. . . .