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hi this is Fred Neiman I take pride in not only being an attorney but also a businessman in New Jersey Ive been involved in a lot of business deals one of the things that I tell everybody based on my own experience is that whenever possible you should put your agreements in writing and the reasons are pretty simple when its in writing at least theres a basis to start to understand what the agreement was between the individuals who comprise the business without a written business agreement its very difficult for people to figure out what took place what the understandings were what the expectations were because its all verbal verbal agreements can be legal but theyre not beneficial partnership agreements can be verbal theyre not preferred on this page Ive helped you better understand why a partnership agreement is so important and why it should be put in writing if youve got any questions when youre done give me a call lets go over your partnership arrangement lets put toget