Oral Amendment

 Ratification or Confirmation of an Oral Amendment to a Partnership Agreement
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State:
Multi-State
Control #:
US-0221BG
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Description

As a general rule, an amendment to a partnership agreement does not have to be in writing. However, an oral amendment must be in writing if it is within the provisions of the statute of frauds, such as an agreement that cannot be performed within one year. In order to avoid evidentiary problems or problems with the statute of frauds, it is best to ratify or confirm such an amendment in writing.

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