Discuss the purpose of a partnership agreement. Is such an agreement necessary for partnership formation?

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Discuss the purpose of a partnership agreement. Is such an agreement necessary for partnership formation?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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