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A partnership agreement is a legally binding contract between two or more individuals or entities entering into a business partnership. This document outlines the terms and conditions governing the partnership, including the roles and responsibilities of each partner, profit-sharing arrangements, decision-making processes, contributions, and other essential details. A well-drafted partnership agreement helps establish clarity and prevents misunderstandings among partners.
A Partnership Agreement is crucial for your business when entering into a partnership. It legally outlines roles, responsibilities, and terms, providing clarity and regulating the relationship between partners.
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