what type of agreement is used to form a partnership business
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Explanation:
partnership deed
A partnership deed is an agreement between two or more individuals who sign a contract to start a profitable business together. They agree to be the co-owners, distribute responsibilities, income or losses for running a business.
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partnership deal is an agreement is used to form a partnership business.
- a partnership deal is a deal of agreement which has two or more partners associated with the firm.
- this is a legal document where the partners willing to start their business together agree to invest their shares and also enjoys the said proportion of profits.
- it contains all the necessary details related to the firm written in the agreement.
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