In a partnership, the conduct of members is guided by

In a partnership, the conduct of members is guided by the articles of partnership. Articles of partnership are a legal document that outlines the rights, responsibilities, and obligations of all partners involved in a partnership. This document covers various aspects such as the purpose of the partnership, capital contribution, profit sharing ratio, management, decision-making, and dissolution of the partnership. It is usually created at the formation of the partnership and is agreed upon by all partners. The articles of partnership serve as a guideline for the conduct of members in the partnership, ensuring that everyone is aware of their roles and responsibilities.