A partnership is easily formed - sometimes too easily. There is no requirement for a written agreement, for the parties to specifically agree to be partners or to file an agreement with a government agency. The agreement may be oral, written, or implied by the conduct of the parties. In some states there may be registration requirements and certain activities of the partnership may require a written document so it is best to seek legal advice if there is any question about whether a partnership exists.
It is always good practice for partners to put the terms of their agreement into writing. Without working through the details of the partnership Telephone Number List and having a written document as evidence of the agreement, the partnership laws of the state rather than the will of the partners may determine the resolution of any dispute that arises.
An extremely important component of the partnership agreement addresses the procedure for the dissolution of the partnership. There are many issues that are best decided when the partners are getting along including how the business will be valued, how a single partner leaves, how a new partner joins, and how the partnership is dissolved entirely. Many triggering events result in the need to address these issues including a partner's divorce, death, or personal bankruptcy.