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Professional Partnership
A form of business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
Negligence
A failure to take reasonable care or to act with the expected level of diligence, leading to harm or damage.
Limited Partnership
A business structure where one or more partners have limited liability, and at least one partner has unlimited liability.
Day-to-Day Business Management
The continuous, routine operations and activities involved in the administration and control of a company or organization.
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