Ohio partnership agreements are executed as a measure to control a company and the partners that sign it. Ohio partners should foster a strong level of communication to compose the provisions of such an agreement. At the very least this production must include the partnership roster of the Ohio entity and the rules they must comply with when managing their company.
An Ohio partner may be a human being, another business, or even a corporation. However, regardless of a partner’s entity status, once this agreement is executed, it shall bind the signature entity to its provisions.
State Definition
“(N) “Partnership agreement” means the agreement among the partners concerning the partnership, whether written, oral, or implied. A partnership is not required to execute its partnership agreement. A partnership agreement includes amendments to the partnership agreement. A partnership is bound by its partnership agreement irrespective of whether the partnership executes the agreement.”
Templates (6)
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