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Partnership Agreement

   Also found in: Legal, Wikipedia 0.01 sec.
Partnership agreement
A written agreement among partners detailing the terms and conditions of participation in a business ownership arrangement.

Partnership Agreement
An agreement between two or more parties stating the terms of a partnership. Among the provisions of a partnership agreement are whether it is a general partnership, a limited partnership, or a limited liability partnership. The agreement also specifies the specific terms of the partnership, such as the division of profit and risk.


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