Saturday, April 18, 2015

What makes a partnership?

What makes a partnership?
A partnership is an agreement between 2 or more parties formed to achieve some sort of goal. An informal partnership can be verbal, though to prove and formalize a partnership some sort of contract should be drawn up that outlines the purpose of the partnership and who will be responsible for the specific duties that are required and the duration of the partnership (if applicable). The partnership is formalized officially when all parties have signed the agreement, which is then generally filed with the local municipality.

No comments:

Post a Comment