No agreement is necessary to form a partnership.

Name: No agreement is necessary to form a partnership.
Brand: Quizplus
Rating: 4.7 (61 reviews)

Question

Quizplus · Accepted Answer

According to the law, no formal agreement is necessary to form a partnership. A partnership can be formed through an oral or written agreement, or even by implication through the conduct of the partners. However, it is always recommended to have a written agreement to avoid misunderstandings or legal disputes in the future.

No Agreement Is Necessary to Form a Partnership