Examlex
What does phas(o) mean?
Partnership Liability
Legal obligations that may be incurred by a partnership, including debts and damages, for which the partners may be personally responsible.
Compete
To strive against others for the purpose of achieving a goal, an award, or superiority in a field.
Partnership
A business arrangement where two or more individuals share ownership, profits, and liabilities of a business venture.
Consent
Agreement or permission given by a party for something to happen or be done.
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