An Alaska partnership agreement is a document agreed upon amongst partners that set the entity’s rights, responsibilities, and roles. A partnership is generally chosen when some partners have a passive role in the entity without liability (known as limited partners).
A partnership agreement is not filed with any state entity and, after executed, is held by each partner of the organization.
State Definition
“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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