Fashion collaboration has become the norm in the fashion industry. Various African Fashion brands believe a partnership deal will be an effective way to push their brand forward. They are totally right! It is key you understand what a partnership agreement entails before signing or creating a partnership agreement. A fashion partnership can either be a succes or a failure, it is primary that such partnership is legally binding. A fashion business is not all glitz and glamour, with all the glitz, it is still a business and every business needs to be legally alert. A partnership agreement is a contract between two or more parties that define how a business will be managed by the parties, what investment will be made and how they will be paid. It allows you to structure your agreement to suit the partnership/ the business. A partnership agreement allows a brand to prevent certain disputes and in case disputes arise there will be a remedy. The agreement wi...
Africa Fashion Law Legal details relating to fashion.