Each partnership must have a written partnership agreement. a. True b. False
Each partnership must have a written partnership agreement.
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SherryApril 10, 2023 в 09:00
The answer is true. A written partnership agreement is a legal document that outlines the terms and conditions of the partnership between two or more individuals. It includes important details such as each partner's roles and responsibilities, the distribution of profits and losses, the timeline for the partnership, and the process for dispute resolution. Without a written partnership agreement, disagreements and misunderstandings are more likely to occur, potentially leading to legal disputes and the dissolution of the partnership. Therefore, it is essential for all partnerships to have a written partnership agreement.
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