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Business Glossary

Business Definition for: partnership agreement

Dictionary of Finance and Investment Terms

partnership agreement

written agreement among partners specifying the conduct of the partnership, including the division of earnings, procedures for dividing up assets if the partnership is dissolved, and steps to be followed when a partner becomes disabled or dies. Investors in limited partnerships also receive partnership agreements, detailing their rights and responsibilities.

Dictionary of Banking Terms

partnership agreement

See also articles of partnership

Related Terms:

articles of partnership

formal document drawn up by partners indicating significant and important aspects of the partnership. Items included are capital contributions, profit and loss ratios, name of the enterprise, duration of relationship, and individual duties.

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Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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