Mastery Quiz: 50/50 Partnerships

What are common reasons for conflict in a 50/50 partnership? (Select all that apply)

Conflicts that arise from views on investing cash vs. time

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Personal life changes or hidden agendas

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Differences of opinion on how to manage the business

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Salary and other compensations decisions

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The partners are family-related

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Which of the following should be considered when creating a partnership agreement? (Select all that apply)

The establishment of an advisory board

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Definition of terms of mediation

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Mutual assurance destruction clause

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Buyout Clause

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Customer service policies

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Rotating job roles to provide equal fairness

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Buyout clauses in partnership agreements assure all partners that they can amicably separate if necessary.

True

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False

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50-50 partnerships have many pitfalls and should be avoided if possible.

True

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False

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