a partnership agreement specifying the relationship amongst partners is called?
Answer Details
A partnership agreement specifying the relationship amongst partners is called a partnership deed. A partnership deed is a legal document that outlines the terms and conditions of a partnership agreement between two or more partners.
The partnership deed defines the roles and responsibilities of each partner, their respective contributions, the share of profits and losses, the decision-making process, the management of the partnership, and the procedure for dispute resolution. It is a crucial document that establishes the framework for the partnership and helps to avoid misunderstandings and conflicts among partners.
The partnership deed is binding on all the partners and serves as a reference document in case of any dispute or misunderstanding between them. It also helps to establish the credibility of the partnership and enhances the trust and confidence of the stakeholders.
Therefore, the correct answer is partnership deed.