“Partnership Agreement” Definition
“Partnership agreement” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement.[1]
Arkansas Partnership Agreement
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Updated September 12, 2025
An Arkansas partnership agreement is a contract among two or more participants that governs each partner’s ownership stake, duties, and liability. Depending on the agreement structure, parties to the agreement may have varying levels of liability. Partnership agreements are binding only when signed by all parties to the contract.