You and your 2 friends want to start a partnership business. You will be the managing partner in the business and want to have all control on decision making. Also, you are concerned that since your friends will be acting like sleeping partners in the business, they may one day leave the business and take away confidential information with them. Further, you also want your business to get dissolved if any of the other partners do leave the business.

Demonstrate the legal terms if you were to make a legally binding contract in business? What are the terms that specify what law will apply if there's a dispute over the contract?