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Partnership Agreement
A partnership agreement is a legal document that outlines the rights, responsibilities, and obligations of each partner in a business partnership.
Automatic Termination
A provision within a contract that automatically ends the contract under certain predefined conditions without the need for a notice.
Buyout
A financial transaction where a person or entity acquires the entire stake or a substantial part of a company, often resulting in a change of ownership.
Partnership Debts
Financial obligations for which all partners in a business partnership are jointly responsible.