list five benefits of partnership deed.
DEAR STUDENT
Benefits of a partnership deed are-
Benefits of a partnership deed are-
- Clarify the Nature of the Partnership
- Assignment of Management Duties
- Sharing Profits according to mentioned clauses
- Avoid Costly Legal Proceedings by providing in the Agreement alternative dispute resolution methods including mediation and arbitration.
- 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.