Q26. Nikunj and Nikhil decided to start a partnership firm together. Their common friend Drishti
tells them that it is advisable to have a written agreement as it constitutes and evidence of the
conditions agreed upon in partnership and proves to be helpful in resolving any controversies
which may arise in future. In context of the above case
a) ldentify and explain the document being referred to by Drishti
b) State any four aspects covered in this document.
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Answer: Nikunj and Nikhil decided to start a partnership firm together. Their common friend Drishti
tells them that it is advisable to have a written agreement as it constitutes and evidence of the
conditions agreed upon in partnership and proves to be helpful in resolving any controversies
which may arise in future. In context of the above case
a) ldentify and explain the document being referred to by Drishti
b) State any four aspects covered in this document.
Explanation:
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