A silent partner is a person whose main contribution to a business is in the form of capital. A silent partner is generally not involved in the day-to-day running of the partnership, hence the term „silent.“ Silent partners are generally able to have limited liability and are only exposed to the extent of their investments in the company. Being a quiet partner can be a good option for investors who want to take advantage of the passive income of a growing business, but don`t want to worry about how the business is run. You can create your own custom tacit partnership agreement with Rocket Lawyer. Select your status and click the Create a Document button to start creating your own document. You are invited to answer some questions about your agreement. Here are a few questions to consider before launching your document: if you are creating a new partnership or trying to attract new investors to an existing company as silent partners, a silent partnership agreement can help define everyone`s interest in a legally binding document. This agreement allows the silent partner to participate in the company`s profits and losses, while it plays a less important role in the day-to-day management of the business. Adding a silent partner can be great for you and your business if the partner is able to offer advice and capital contributions if necessary. There are many important considerations that will have a lasting impact on your business. The implementation of a Breastfeeding Partnership Agreement can enable any partner and business to succeed for years to come. A Breastfeeding Partnership Agreement may include: You can use the Rocket Lawyer Silent Partnership Agreement if:.