Legal Basis
Article 18 of the Partnership Law states that a partnership agreement shall set forth the following matters: (1) the name of the partnership and the location of the principal place of business; (2) the purpose of the partnership and the scope of the partnership's business; (3) the names of the partners, their domiciles; (4) the manner and amount of the partner's capital contribution and the period of time for which the capital contribution will be made; (5) the distribution of profits; and the manner and amount of the partners' contributions and the period of time for which the capital contribution will be made. (iv) the manner, amount and payment period of the partners' capital contribution; (v) the distribution of profits and the manner of sharing losses; (vi) the execution of partnership affairs; (vii) the admission and withdrawal of partners; (viii) the settlement of disputes; (ix) the dissolution and liquidation of the partnership; and (x) the liability for breach of contract.