Partnership Act
Subject: Law | Topics:

Primary objective of this lecture is to describe on Partnership Act; in terms of Business law. Partnership is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Here briefly describe on essential elements of partnership: Voluntary agreement; Sharing of profits of a Business and Mutual agency. Finally describe on classes of partnerships: General partnership; Partnership-at-will, Limited partnership and Joint venture.

Related Law Paper: