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Updated over 5 years ago,
Wholesale Partnership Agreement
Hellllooooo BP fam! I've partnered up with two other individuals to start wholesaling locally, but we never established a legal agreement. We're working on getting our buyers list together along with locating distressed properties. Before we get to deep into things, we need to determine who will get paid a percentage of what and when. Me and one other partner work full time day hours. Our situation is a bit unusual as one of my partners is blind and does not work. He's done some cold calling, left messages, but none of the contacts have followed back up. I've put together a Google spreadsheet so we can share this document and update it as we go along. Unfortunately he's unable to have it read back to him. Me and the other partner can update it, so that's not an issue. Me and the other partner are driving for dollars to locate distressed properties, cold calling and generating / mailing the letters for direct mail and networking.
My question is does anyone out here have an example of a partnership agreement that we can modify to suit our needs? I feel that our blind partner shouldn't get equal profits as he is limited in what he can do. We're going to contact an attorney to work on having something drafted, but was wondering what insight others may have.
Thank you in advance ... Cassandra