Articles of partnership

Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into business, with the understanding that there will be a sharing of the profits and losses between/among partners. ^[1]

6 relations: Arbitration, Bankruptcy, Capital (economics), Contract, General partnership, Insolvency.

Arbitration

Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Contract

A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.

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General partnership

A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features.

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Insolvency

Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.

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Redirects here:

Articles of Partnership, Partnership agreement.

References

[1] https://en.wikipedia.org/wiki/Articles_of_partnership

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