The future value of many successful businesses rests on next-generation partners having not only solid business skills, but also the ability to work as a team and avoid destructive conflicts. Including multiple successors in a business-transfer plan can help ensure success. However, it also can create risks that aren’t present when assets are transferred to one heir alone. In multiple-successor scenarios, partners must cooperate, or the transfer ultimately will fail. This article describes a structured, collaborative process, called a Partnership Charter, for minimizing risks, improving the odds of success and preventing future partner wars long before they start.  
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