Business partnership: what to agree on "in advance" to avoid losing both the business and the friendship

When entering into a joint venture, it is important to discuss and record all key agreements in detail right from the start. As practice shows, you shouldn't rely solely on friendship and trust – thinking, "We're partners/friends, why do we need 'extra paperwork'?"

Andriy Kozin, Managing Partner of Focus Estate Fund and co-owner of Art Village, and Olga Romanienko, co-founder of "Ecopan" and partner at Elements Group, who are members of the CEO Club, shared their own experience: how trust, honesty, and the right division of roles helped them build a joint business without losing their friendship.

Andriy Spektor, a lawyer and expert in corporate bankruptcy, business and investment protection, explained which agreements are truly worth "putting in writing" to preserve business and relationships.

The experience of Andriy Kozin