Farmation of a partnership

Formation of partnership:

A partnership is based on an he agreement. The partnership agreement may be made orally or in writing or may be implied from the course of dealing among partners.all the essential elements of the valid contract must be present.

Partnership deed:

The agreement creating partnership may be expressed or implied, and the latter may be inferred from the conduct or the course of dealing of the partners or form the circumstances of the cases. That the agreement are writing proses.

Who may be partners?

A contracts of partnership may be entered into by every person who is complient to enter into a contract of the Indian contract act, alien enemy,minor,person of unsound mind,corporation.