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Explain Partnership Deed .
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A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. ... It is helpful in preventing disputes and disagreements over the role of each partner in the business and the benefits which are due to them
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Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. ... It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc.
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