Connecticut partnership agreements should be signed by every partner running a business. Many would recommend that Connecticut business partners settle on how their business shall be managed and the level of power each one may exhibit when determining its actions.
For example, the partners should determine the source of the company’s funds, its marketing behavior, and the policies that will govern its actions and then put in writing in this agreement. This may require a fair amount of discussion and research however, the more topics and definitions the Connecticut business partners solidify in this paperwork, the less likely their partnership will be vulnerable to miscommunications and false expectations.
State Definition
“(13) “Partnership agreement” means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.”
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