A Partnership agreement template mean when two are more person put an amount of capital in business with a equal amount and share the profit with describe ratio and also responsible for loss and the format which is used to prepare is called partnership agreement template. In which both person may or may not be take I part actively in business activity. All the instruction and condition of contract is mentioned in partnership agreement template. In partnership agreement also explains that the liability of partner is limited or unlimited. If any loss that partner bear the loss according to capital ratio or unlimited up to personal property. If one of them insolvent other partner carry on the business with mutual consent or windup business.
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