what is partners need and explain its contents.???
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Partnership deeds, in very simple words, are an agreement between partners of a firm. This agreement defines details like the nature of the firm, duties, and rights of partners, their liabilities and the ratio in which they will divide profits or losses of the firm.
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Hey mate here is ur answer dear friend ;-)
Name and addresses of the partners . Nature of the business. The term or duration of the partnership. The amount of capital to be contributed by each partner. The drawing that can be made by each partner.
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