Partnership Agreement between Almagro and Pizarro

Timeline

1. 1524Panama City · PanamaPizarro, Almagro, and de Luque formally signed in Panama, agreeing that de Luque would provide the main funding, Pizarro would serve as captain of the expedition, Almagro would handle rear organization and recruitment, and lands and spoils from the conquest would be divided according to agreed proportions.
2. 1524Panama City · PanamaAfter signing the agreement, the three immediately began preparing ships, weapons, and personnel, consolidating previously scattered exploration plans into a unified private venture to conquer Peru, and dispatched the first southward expedition that same year.