Although not required,a partnership agreement is highly desirable for the same reasons that written contracts are generally preferred.

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Although a partnership agreement is not required to form a partnership,it is highly desirable for the same reasons that written contracts are generally preferred.When partners do not define their relationship as partners,the default rules of the RUPA determine the rights of the partners vis-á-vis each other.

Although Not Required,a Partnership Agreement Is Highly Desirable for the Same