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Uniform Partnership Act
Legislation adopted by various states in the U.S. to provide a consistent legal framework governing the operation of partnerships.
Allocation Of Personal Liability
The process of assigning responsibility to individuals for their actions or obligations, particularly in a legal or financial context.
Charging Order
An order that entitles a creditor to collect a partner’s profits.
Partner's Profits
The share of a business's profits allocated to each partner according to the partnership agreement.
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