The West Virginia partnership agreement commits the identities of a company’s business partners and the authority they carry in the company. While not necessarily required, it is often recommended that procedures handling a potential change in a West Virginia partners’ roster be defined as well. This is considered one of the precautionary measures that can be taken since default state laws applied in such an instance may not necessarily benefit the partnership.
Also, the regulations that will be employed to govern the company must be recorded in this contract and then approved by signature. Thus, West Virginia partners should only complete the execution of this agreement if they fully understand the commitment they will enter.
State Definition
“(8) “Partnership agreement” means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.”
Templates (6)
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