How can partnership agreements protect partners and support better partner selection?

"and buy–sell agreements that make provision for surviving partners to buy a deceased partner’s interest. Partners can also purchase special life insurance policies designed to fund such a purchase. Business partnerships are often compared to marriages. As with a marriage, choosing the right partner is critical. So if you are considering forming a partnership, allow plenty of time to evaluate your and your potential partner’s goals, personality, expertise, and working style before joining forces. CONCEPT CHECK 1. How does a partnership differ from a sole proprietorship? 2. Describe the four main types of partnerships, and explain the difference between a limited partner and a general partner. 3. What are the main advantages and disadvantages of a partnership?"