Mary and Diane drafted a partnership agreement for their apparel business. Which element below should not have been included

Question

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Projected financial statements are not a necessary element to include in a partnership agreement. This type of financial information is typically created for internal planning purposes and is not legally required as part of a partnership agreement. The other elements listed (division of partnership income, partner responsibilities, and conditions for dissolving the partnership) are all important elements of a partnership agreement that help to establish clear expectations and guidelines for the partnership.

Mary and Diane Drafted a Partnership Agreement for Their Apparel