Why it is considered desirable to make the partnership agreement in writing?

— Kishore V, SME and ACW at Edumarz

1. A partnership firm is a group of people who come together to run a business. 
2. A partnership agreement is a contract between two or more people who agree to work together to run a business. 
3. It specifies the agreed-upon portion of the earnings from the business that may be carried out by all or any of them on behalf of others.
4. The agreement might be verbal or written. 
5. A partnership agreement in writing is not legally binding under the Partnership Act of 1932. 
6. However, having the agreement in writing is essential to minimise misunderstandings and disputes between the parties. 
7. Another reason for having it in writing is that it aids in the resolution of disputes because written agreements are frequently used as a reference point. 
8. The court will accept as evidence a written deed that has been lawfully signed and registered under the Partnership Act.