create a binding contract based on the conditionYou and your 3 friends want to start a partnership business. You will be the managing partner in the business and want to have all control over decision-making. Also, you are concerned that since your friends will be acting like sleeping partners in the business, they may one day leave the business and take away confidential information from them. Further, you also want your business to get dissolved if any of the other partners leave the business.Discuss the key elements of the contract and their understanding of the clauses in the contractClearly address how and why they think their contract is legally binding for the contracting partiesAddress how the clauses they have added to the contract help them meet the conditions set out in the situationSupport your work with a minimum of 5 authentic references.Use the web resource to create a contract and include it in the appendix.