The number and severity of disputes between partners can be lessened if the partners have executed _______ that specifies everyone's rights and responsibilities.
A) a charter
B) a business plan
C) articles of incorporation
D) a partnership agreement

Question

Quizplus · Accepted Answer

A partnership agreement is a legal document that outlines the terms and conditions of a business partnership. It specifies each partner's roles and responsibilities, the division of profits and losses, decision-making processes, and dispute resolution methods. By having a partnership agreement in place, partners can avoid misunderstandings and ambiguities that can lead to disputes.

The Number and Severity of Disputes Between Partners Can Be