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Admission of New Partner

Does a partne...

Question

Does a partner has right not to allow admission of a new partner, if the Partnership Deed does not exist?

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Solution

Partnership is a relationship between two or more person to share the profits of the business carried on by them. Partnership is based on mutual relationship and understanding among the partners.So, a partner has right not to allow admission of a new partner if he is not agreeing to the admission.

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