---
title: "Partnership Agreement Drafting"
url: "https://legal.ge/en/service/corporate-and-commercial-law-en/partnership-agreement-drafting-en"
field: "Corporate & Commercial Law"
description: "Solidify your business foundation with a professional Partnership Agreement. Find expert corporate lawyers in Georgia on Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Partnership Agreement Drafting

> Source: legal.ge, https://legal.ge/en/service/corporate-and-commercial-law-en/partnership-agreement-drafting-en

A Partnership Agreement (often referred to as a Founders' Agreement or Shareholders' Agreement) is a vital document for any business with more than one owner. When registering a company in Georgia, the standard charter does not always regulate every nuance of the relationship between partners, especially in crisis situations. A Partnership Agreement is the "prenuptial agreement" of business — it pre-defines the rules of the game, responsibilities, and dispute resolution mechanisms while relations are still harmonious. Statistically, conflict between partners is one of the main reasons for startup failure. A skillfully drafted agreement reduces this risk, ensures business continuity, and protects the interests of each partner from unforeseen circumstances.

## What Does Partnership Agreement Drafting Cover?

Specialists on Legal.ge offer partnership agreement preparation that fully covers the specifics of your business. The service includes:

-   **Share Distribution and Vesting:** Not just who owns how much, but when and under what conditions partners receive full rights to shares (Vesting), which is critical if a founder leaves early.
-   **Management and Decision Making:** Which decisions require unanimous consent and which require a simple majority. Rules for appointing and dismissing directors.
-   **Financial Obligations and Dividends:** When and how profits are distributed, and whether partners have an obligation to contribute additional capital if needed.
-   **Exit Strategy:** What happens if one partner wants to leave the business? Right of First Refusal and share valuation methodology.
-   **Deadlock Resolution:** Mechanisms for resolving situations where partner votes are split 50/50 and decision-making is impossible.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/corporate-and-commercial-law-en/partnership-agreement-drafting-en

### What data must a founding agreement contain?

The firm name, legal address, identification data of the partners, information on representation and the additional data required for the particular legal form.

### Do the requirements differ by legal form?

Yes. For a limited liability society the partners' participation must be expressed in percentages whose sum equals one hundred percent, and further data such as authorised capital and nominal values are required.

### What is the legal force of a shareholder agreement?

It binds only its own parties, and its breach cannot serve as a ground for invalidating decisions of the organs of the society.

### Do obligations pass to the acquirer of a share?

No, unless this was specially provided for in the shareholder agreement and in the disposal contract.