Besonic Sdn Bhd, a timber company entered into an agreement with Rony Sdn Bhd, a furniture manufacturer, to supply furniture to supermarkets. In this arrangement, Besonic Sdn Bhd would supply sawn timber to be used by Rony Sdn Bhd for the furniture manufacturing business. The profits / losses from the sales of furniture would be shared equally between the two companies. Required: Discuss whether a partnership exists.