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Connecticut Partnership Agreement

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Connecticut Partnership Agreement

Updated February 11, 2022

A Connecticut partnership agreement is a legal document that dictates the terms of a business relationship among two or more owners of a company. Valid only when signed by all parties, partnership agreements outline the ownership share, liability, and general business duties of each partner. Under a general partnership, each partner shares liability equally, while liability may vary among partners in a Limited Partnership arrangement.

“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.

Source: Sec. 34-301(13)

Allowed Partnership Types

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