Contract For Employing A Salaried Partner (Employment Contract)

This is a contract between a salaried partner and the full equity partners of a general partnership, in which the salaried partner is treated as an employee. This contract is separate from the main partnership agreement between the equity partners.

• The contract should be clear about the duties and responsibilities of the salaried partner

• The contract should specify how the salaried partner will be compensated

• The contract should specify the term of the agreement and any conditions for renewal

• The contract should address what will happen if the partnership is dissolved