CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -A partnership deed is a legal agreement when two or more people come together to run an enterprise. This document mentions all the essential terms and conditions related to the business, such as profit/loss sharing, obligations, admission of new partner/s, decided rules, salaries, exit process, etc.

Detailed explanation-2: -A partnership deed is a written legal document signed by two individuals coming together, who decide to run a business, regardless of the profits or losses that have incurred. A partnership deed documents help to ensure that both parties do not disagree, conflict over the partnership norms.

Detailed explanation-3: -Partnership deed is a written legal document that contains an agreement made between two individuals who have the intention of doing business with each other and share profits and losses. It is also called a partnership agreement.

Detailed explanation-4: -Partners are entitled to share all the profits earned in the business equally. Similarly, the losses sustained by the partnership firm is also equally contributed. The amount of a partner’s share must be ascertained by inquiring whether there is an agreement in that behalf among the partners.

Detailed explanation-5: -A partnership business is determined by the mutual agreement of a partner.