The document which regulates the operations of a partnership is known as

The document which regulates the operations of a partnership is known as a "Deed" or "Partnership Deed". It is a legally binding agreement between the partners that sets out the terms and conditions of their partnership. The partnership deed outlines the roles and responsibilities of each partner, the profit and loss sharing ratio, the capital contribution, the decision-making process, and the terms and conditions for admission, retirement or expulsion of partners. It serves as a guidebook for the smooth functioning of the partnership and helps to prevent conflicts or misunderstandings among the partners.