Setting up a partnership under the terms of a written agreement is a bad idea, because written agreements tend to be too inflexible and impersonal.

Question

Quizplus · Accepted Answer

Setting up a partnership under the terms of a written agreement is a good idea as written agreements define the roles and responsibilities of each partner and provide clarity and structure to the partnership. While some level of flexibility is necessary, a well-drafted agreement can include provisions for making changes or modifications when needed. Additionally, written agreements can be more objective and less emotional than verbal agreements, reducing the risk of misunderstandings or conflicts between partners.

Setting Up a Partnership Under the Terms of a Written