Which of the following is true of a written partnership agreement? It is an informal agreement between the partners and is not legally binding. It is an agreement in which the partners hold a direct agreement with the registration body and the registration body acts as an interlocutor between the partners. It is a legally binding agreement between the proprietors and the stock exchange where it is listed regarding the profit sharing between the owners. It is a legally-binding agreement between the owners which explains the procedures for liquidating the partnership