A general partnership is the business structure that works most like a friendship. Partnership unity is only the agreement between the parties to a for-profit collective action. The partners stay together at will and any partner can leave the relationship at any time. Just as no one can be forced to be a friend of a person, no one can be forced to be in partnership with another person. State law allows partnerships to enter into an agreement to regulate exploitation. The partnership contract goes beyond most of the standard provisions of state law. If you have a partnership agreement that limits the transfer of ownership rights without consent or requires the outgoing partner to put the interests up for sale first to existing partners, it has the force of a contract and the partners must abide by its terms. .
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