A partnership agreement specifies each owner's rights and responsibilities
in the business.

Question

Quizplus · Accepted Answer

A partnership agreement is a legal document that outlines the terms and conditions that govern the relationship between partners in a partnership. It specifies each partner's rights and responsibilities in the business, including their share of profits and losses, their roles and duties, and how the business will be managed and run.

A Partnership Agreement Specifies Each Owner's Rights and Responsibilities