Partnerships must begin with a written agreement, but not necessarily a contract, between two or more people to do business.

Question

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Partnerships do not legally require a written agreement to be formed; they can be established through oral agreements or even by the actions of the parties involved, indicating their intention to form a partnership. However, having a written partnership agreement is highly recommended to outline the terms of the partnership clearly.

Partnerships Must Begin with a Written Agreement, but Not Necessarily