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okay what is the partnership agreement well as we previously discussed in other videos an at-will partnership generally arises by the conduct of the parties and theres not a great little bit mansplaining by the parties such as an agreement between them allocating different rights roles responsibilities within the partnership but sometimes partnerships are planned activities whereby the partners enter into an agreement among the partners regarding how the partnership is going to be organized the structure the management decisions the allocation of control the allocation of an ownership interest the allocation of any profits or losses coming from the business entity and then may even make some form of changes or modifications to the duties inherent between the partners and the partnership itself so a partnership agreement is basically the governing document for the organization and structure of the partnership you could you could compare it in many ways to the bylaws of a corporation bu
