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longterm contract in supplier partnership
a partnership between the police and the community
Requires collective decision-making.
A Joint Venture.
A partnership is not a registered legal entity, how the partnership operates is determined by the partnership contract. Where companies are involved a 'joint venture' might be a better term to use.
a legally created written contract
If it was drawn up formally, as a contract, yes.
if their is a contract they have a good chance.
At least 18 because that is when you can legally sign a contract.
true
I'm not sure what the contract is. If the contract is between the partners, then they can mutually agree to void the contract. No problem. If the contract is between the partners and a third party, then it still stands, and must be honored by all partners, regardless of their participation.
A partnership is an agreement between 2 or more parties formed to achieve some sort of goal. An informal partnership can be verbal, though to prove and formalize a partnership some sort of contract should be drawn up that outlines the purpose of the partnership and who will be responsible for the specific duties that are required and the duration of the partnership (if applicable). The partnership is formalized officially when all parties have signed the agreement, which is then generally filed with the local municipality.