Question

Agreement of partnership must be in written or in words?

Answer 1

Heya mate

Agreement of partnership must be in written,so that there is no misunderstanding among the parterners. It is also advisable to have a written agreement as it constitutes an evidence of the conditions agreed upon. It is also known as partnership deed.

hope it helps

Answer 2

When you start a small business partnership, you should take time to write a partnership agreement. Outlining the details of the partnership can prevent future disagreements or lawsuits. The agreement can be as general or specific as you desire. However, a more detailed partnership agreement may prevent future disputes.

Read the Uniform Partnership Act.

Meet with the other partners.

Assign drafting to one person.