In the event of a dispute between two or more parties to determine whether a partnership exists, the courts will review the agreement between the parties and their conduct to determine whether the relationship as a whole can be qualified as a partnership. Indicators of a partnership include that a partnership agreement is a contract between two or more counterparties, which is used to define the responsibilities and distribution of profits and losses of each partner, as well as other general partnership rules, such as levies, capital deposits and financial reports. .