For example, a partner can bind you to a contract with a supplier, but cannot bind the partnership for a family trip to Disneyland, unless the other partners have expressly approved the cost of the Disneyland trip. Partnerships are usually concluded with a partnership contract or a contract between the people who make up the partnership. The partnership agreement sets out the terms of the partnership, which covers issues such as profit and loss sharing, how partners can leave the partnership, the percentage of control each partner has and similar issues. A partnership is a form of business organization in which two or more people manage and manage the business with the aim of making a profit.. . . .