without actually reading the whole agreement a definitive answer is impossible but having drafted too partnership agreements to count, there is usually a clause that precedes the above that says something like "a partner cannot demand property" and there should be some sort of buyout formula included.
However, there are other parts of the Partnership Agreement or, if not stated, default to your state's laws, that may allow them (or you) to do other things to can the business.
I suggest you see an attorney before its to late as you may have to take immediate steps to get things stopped before all is lost and your only recourse is to sue him for damages (that, if the business is not profitable) that are speculative and may not come close to fair compensation for the losses.
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Because you signed a partnership agreement, the terms of the partnership agreement will control. A proper partnership agreement will specify the terms and procedures for dissociation and buyout. To the extent that the partnership does not address dissociation and buyout, the Uniform Partnership Act applies. You can view the Act by going to the following link: http://apps.leg.wa.gov/RCW/default.aspx?cite=25.05&full=true#25.05.015
It would be best to have your attorney review your entire agreement to determine what you rights are.
Legal disclaimer: The answer provided: A) is for informational purposes only, B) is not intended to constitute legal advice, C) should not be relied upon in lieu of consultation with an attorney, and, D) does not establish an attorney client relationship. The answer may be different if all of the facts were known.
The answers so far have been good, but I would like to add one more thought. If this is truly a partnership (and not an LLC or corporation), all partners have certain obligations to the partnership and could share in liability personally if contracts aren't filled.
With the others, I would encourage you to consult with an attorney quickly and allow the attorney to read the partnership agreement from beginning to end.