what definition of 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 has the force of law and is designed to guide the partners in the conduct of the business.
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Partnership deed is a document by which partners make a contract related to their business like share of profits, bearing of risks share of capital, management etc. It is not compulsory to have a partntership deed in a business.
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