The Co-Founder’s Pre-Nup: SME Partnership Deed & Joint Venture Agreement 🤝
🛑 "We’ll split everything 50/50." (The biggest lie in business).
You are putting in the money. Your partner is putting in the "vibes." Six months later, you are doing all the work, but they still want half the profit.
Sound familiar?
Most Kenyan partnerships fail within year one, not because the business is bad, but because the expectations were undefined. Who holds the M-Pesa Till SIM card? What happens if one partner wants to quit? What if we make a loss?
As a veteran Commercial Lawyer, I designed this deed to answer the hard questions BEFORE you start.
This "Business Constitution" covers:
- ✅ The "Sweat Equity" Clause: Distinguishes between the partner who brings money and the partner who does the actual work.
- ✅ Capital Contributions: Records exactly how much cash, equipment (laptops, vehicles), or stock each person brought in.
- ✅ The "M-Pesa Control" Section: Defines who is a signatory to the bank/mobile money accounts to prevent theft.
- ✅ The Exit Strategy: If things go wrong, how do you split? (The Buyout Clause).
- ✅ Death/Incapacity: What happens if a partner passes away? Does their wife/husband join the business? (You need to decide this now).
Perfect for: Wines & Spirits, Salons, Farming Projects, Online Shops, and Car Washes.
👉 Download the blueprint for a drama-free business.