The partnership agreement is a contract that outlines the voluntary agreement between two or more individuals to form a partnership. This agreement can be written, oral, or implied, and it is sometimes referred to as the articles of co-partnership. The articles of co-partnership include important information about the partnership, such as:

• The location and purpose of the business
• The date of establishment
• The names and capital contributions of the partners
• The rights and duties of the partners
• The method of sharing net income or net loss
• The process for withdrawing assets
• The procedure for resolving disputes through arbitration
• The process for adding or withdrawing partners
• The rights and duties of surviving partners in the event of a partner's death.