The law mandates a partnership to draw up a written partnership agreement, based on the Uniform Partnership Act, which spells out business responsibilities, profit sharing, and transfer of interest.

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The Uniform Partnership Act does not mandate a written partnership agreement; partnerships can be formed orally or by implication based on the actions of the parties involved. However, having a written agreement is highly recommended for clarity and to resolve disputes.

The Law Mandates a Partnership to Draw Up a Written