An oral agreement between partners for the dissolution of their partnership may be binding and enforceable notwithstanding that the parties contemplated formal documentation, where the commercial context shows the parties were accustomed to reaching practical agreements and leaving implementation to their accountant. The absence of agreement on matters of detail such as asset valuations, settlement dates, and precise figures does not deprive the agreement of certainty where those matters can be resolved by implication or delegation to a third party. Subsequent conduct of both parties is admissible to establish whether a binding agreement was reached and to identify its terms.
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