Without a signed agreement in place, any misunderstandings among the partners can result in emotional distress, legal action and the dissolution of the business. An attorney should assist the ...

Before you sign a partnership agreement, ensure your agreement includes a dissolution clause to help ease the process. Some of these clauses even include specific procedures that must be followed.

The general partnership is one of the oldest forms of business. It is an unincorporated business that generally arises by default whenever two or more people engage in a business for profit.