Common Contracts
1 similar Partnership Agreement contracts
MUTUAL RELATIONSHIP BETWEEN PARTNERS Relationship of Partners to Each OtherPartnership Agreement • August 17th, 2021
Each partner has a right to share in the profits of the partnership. Unless the partnership agreement states otherwise, partners share profits equally. Moreover, partners must contribute equally to partnership losses unless a partnership agreement provides for another arrangement. In some jurisdictions a partner is entitled to the return of her or his capital contributions. In jurisdictions that have adopted the Revised Uniform Partnership Act(RUPA), however, the partner is not entitled to such a return.
