Image credit

Image credit

ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

  • Drafted by partners.
  • Contains:
  • The objectives of forming the partnership.
  • The amount of capital each partner is going to contribute towards the partnership.
  • Duties, responsibilities and rights of each partner.
  • Terms and conditions under which the partnership operates.
  • Circumstances under which the partnership can be terminated.
  • Methods employed to settle disagreements.
  • The ration in which profits and losses are to be shared.
  • Salaries and bonuses to be paid to each partner if any.
  • Interest rates charged on capital and drawings.
  • The name of the partnership.
  • Importance:
  • used to form a partnership.
  • Used instead of the Partnership Act.

To access more topics go to the Commerce Notes page

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen