Partnership Agreement

Type of business organization, ethics in partnership is important because of the difficulties that two or more people have in arriving at a
common decision. Partners are under constant pressure to protect their investment. After reading the EC 12 Ethics Case on page 12-37 in your text, discuss
the following:
Who are the stakeholders in this situation?
Identify the problems with Alexandra’s actions and discuss the ethical considerations involved.
How might the partnership agreement be revised to accommodate the differences in Alexandra’s and Kellie’s work and withdrawal habits?

 

Sample Solution

From co-workers to funding partners to designers to manufacturers, you may form many different partnerships while establishing and growing your business. It is important to make sure that you are forming partnerships with individuals and groups who are ethical and transparent and share your essential values. Establishing partnerships and connections with unethical and untrustworthy individuals could result disagreements and inconsistent goals that can affect your long-term stability and your overall impact. Integrity requires such business partner to perform its work with honest, diligence, responsibility and in accordance with applicable laws. In the performance of its work, a business partner must not knowingly be a party to any illegal activity or engage in acts that are discreditable to the group.

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