Partnership Agreement
Partnership Agreement
A partnership will be implied by the law when two or more people are in a business relationship together with the view to making a profit. Where there is no express agreement, the Partnership Act 1890 will imply certain terms into a partnership. It is, however, advisable to have a written Partnership Agreement.Essentials Elements of a Partnership Agreement
The essential elements of a partnership are:
All individuals share the risks and rewards of the business.
Each
