A partnership agreement:

Business

1 answer:

kondaur [170]3 years ago

6 0

Answer:

A partnership agreement is binding even if it is not in writing

Explanation:

A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.

A partnership agreement can be written on unwritten. Even when unwritten, a partnership agreement is binding and is enforceable in the law court.

A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.

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