Examlex
Describe the significance of using white spaces in a business document.
Interest in the Partnership
Refers to a partner’s share or stake in both the assets and profits (or losses) of a partnership, often governed by a partnership agreement.
Share of Profits
A proportion of the profits earned by a business that is allocated to an individual or entity, often based on ownership interest.
Partnership by Estoppel
A legal partnership that exists when a person has been represented as a partner in a firm and has acted upon that basis, despite not officially being a partner.
Partnership Agreement
A legal document outlining the terms of a business partnership, including the responsibilities, profit distribution, and rules for dissolution.
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