Indeed, it is unlikely that a social contract would cover all the issues that might arise from the activities of a partnership and that might need to be supplemented by law or jurisprudence [note 4]. A partnership is an agreement where by which the parties designated as counterparties agree on cooperation in order to promote their common interests. Partners in a partnership can be individuals, companies, interest-based organizations, schools, governments, or combinations. Organizations can partner to increase the likelihood that everyone will achieve their mission and increase their reach. A partnership may lead to the issuance and maintenance of equity or may only be governed by a contract. Legally, you can still create a general partnership contract with a handshake, but it`s not smart.