PARTNERSHIP AGREEMENT
\pˈɑːtnəʃˌɪp ɐɡɹˈiːmənt], \pˈɑːtnəʃˌɪp ɐɡɹˈiːmənt], \p_ˈɑː_t_n_ə_ʃ_ˌɪ_p ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\
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An express or implied agreement made between two or more parties, depicting their entry in to a for profit business and making them official partners. The agreement depicts the nature of business, their profit sharing ratio, the capital put up by each partner as well as their duties and responsibilities. A valid partnership might exist between partners without any partnership agreement.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.