What is partnership law?
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Under U.S. law a partnership is a business association of two or more individuals, through which partners share the profits and responsibility for the liabilities of their venture. ... Model laws include the Uniform Partnership Act and the Uniform Limited Partnership Act. .. n
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A legal form of business operation between two or more individuals who share management and profits. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations. A limited partnership has both general and limited partners.
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