**Partnership Agreement: Oral or Written**

A partnership agreement is a legally binding contract that outlines the rights, responsibilities, and obligations of the partners in a partnership. It is an essential document that helps prevent misunderstandings and disputes among partners by clearly defining the terms and conditions of the partnership.

**Types of Partnership Agreements:**

1. **Oral Agreement:** An oral partnership agreement is one that is made verbally between the partners. It does not require any written documentation and can be established through a simple conversation or handshake. While oral agreements are legally enforceable, they can be difficult to prove in court if a dispute arises. Therefore, it is always advisable to have a written agreement in place to avoid potential complications.

2. **Written Agreement:** A written partnership agreement is a formal contract that is drafted and signed by all partners involved. It provides a written record of the terms and conditions agreed upon by the partners, including the capital contributions, profit-sharing ratios, decision-making processes, dispute resolution mechanisms, and the duration of the partnership. A written agreement is considered more reliable and legally enforceable as compared to an oral agreement.

3. **Written on Stamp Paper:** In some jurisdictions, it may be a requirement to execute the partnership agreement on stamp paper. A stamp paper is a legal document that is typically purchased from the government and carries a pre-printed stamp indicating its monetary value. The partnership agreement is written on this stamp paper and signed by all partners to make it legally binding.

**Correct Answer: Combination of Oral and Written Agreement**

The correct answer to the question is 'C', which states that a partnership agreement can be oral or written. This means that a partnership agreement can be established either through a simple verbal understanding or by drafting a formal written contract. The choice between an oral or written agreement depends on the preferences and requirements of the partners involved.

It is important to note that while an oral agreement is legally valid, it is generally advisable to have a written agreement in place. A written agreement provides clarity, reduces the likelihood of disputes, and serves as a legal record of the partnership's terms and conditions. Additionally, a written agreement is easier to enforce in court if a dispute arises.

Lastly, the option 'Written on stamp paper' mentioned in the question is not necessarily applicable to all jurisdictions. The requirement to execute the partnership agreement on stamp paper may vary depending on the laws and regulations of the specific jurisdiction in which the partnership operates.

Yeah partnership deed either oral or written bt partners generally prefer deed in written bcoz if in certain case dispute may arise among partners in future then it may easily sort out