Business Fundamentals for PR Professionals
A partnership agreement is a legally binding document that outlines the terms and conditions of a partnership between two or more individuals or entities. This agreement defines the roles, responsibilities, and profit-sharing ratios of each partner, serving as a roadmap for how the business will operate and how disputes will be resolved. It plays a crucial role in preventing misunderstandings and ensuring that all parties have a clear understanding of their obligations and rights within the partnership.
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