Question

Importance of Partnership deed Tell me in points​

Answer 1

Importance of partnership deed are :-

• It controls and monitors the rights, responsibilities, and liabilities of all the partners.

• Avoids dispute between the partners.

• Avoids confusion on profit and loss distribution ratio among the partners.

• Individual partner's responsibilities are mentioned clearly.

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Answer 2

Answer:

Strategic business partnerships allow small businesses the opportunity to grow their customer base and improve their business. ... A partnership could mean your business will have access to new products, reach a new market, block a competitor (through an exclusive contract) or increase customer loyalty.

Explanation:

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