what is the explanation 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 an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners .
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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