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Operation of Partnerships
The way in which partnerships are managed and governed, detailing the roles, responsibilities, and profit-sharing among partners.
Different Agreement
Refers to an alternate or varied contractual arrangement distinct from an original or previous one.
Managing Partner
An owner of a partnership who has the authority and responsibility to manage the day-to-day operations of the business.
Partnership Business
A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
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