If a partnership agreement provides for the sharing of losses but is silent as to how profits are to be shared,profits are shared equally.
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Q32: A partner is entitled to indemnification of
Q33: A partnership with a fixed duration is
Q34: The UPA provides that a partner is
Q35: In general,all partners have equal rights in
Q36: Partnerships are considered to be separate legal
Q38: A partnership with no fixed duration is
Q39: Each partner has a privacy right whereby
Q40: Partners are liable for damages caused by
Q41: A third party who has actually dealt
Q42: When a partnership is continued and the
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