Question

list five benefits of partnership deed.

Answer 1

DEAR STUDENT

Benefits of a partnership deed are-

1. Clarify the Nature of the Partnership
2. Assignment of Management Duties
3. Sharing Profits according to mentioned clauses
4. Avoid Costly Legal Proceedings by providing in the Agreement alternative dispute resolution methods including mediation and arbitration.​​​​​​​
5. Removing Partners ​​​​​​​-an agreement can provide for the removal of a partner with clauses that include the necessary notice period and the grounds and motives for expulsion.​​​​​​​

regards.