AIRSLATE

A silent partner agreement, also known as a silent partnership agreement or a limited partnership agreement, serves a specific purpose in business partnerships. Here are some points highlighting the purpose and importance of a silent partner agreement: 1. Clarifying Roles and Responsibilities: The agreement outlines the roles and responsibilities of both active and silent partners within the partnership. It clearly defines who will be responsible for the day-to-day operations and decision-making processes, allowing for a smooth flow of activities. 2. Allocating Profit-Sharing and Losses: A silent partner agreement often specifies how profits and losses will be distributed between the partners. It ensures transparency and fairness in sharing the financial outcomes of the partnership, based on the agreed-upon terms. 3. Limited Liability Protection: Silent partners are usually protected from personal liability and are not actively involved in the partnership's management. By having a..

Also known as: airSlate Inc, silent partner agreement