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प्रश्न
Is it necessary to have a partnership agreement in writing?
लघु उत्तर
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उत्तर
No, it is not necessary to have a partnership agreement in written form. A partnership can be formed based on an oral agreement. However, a written agreement is highly recommended, as it provides clarity on terms, prevents disputes, and offers legal protection. Without it, the partnership will be governed by the default provisions of the Indian Partnership Act, 1932.
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