Partnership Law

Partnership law governs the relationship between two or more individuals who agree to work together, sharing profits, losses, responsibilities, and liabilities. It defines how partnerships are formed, managed, and dissolved, and sets out the rights and duties of each partner. The law ensures fair treatment, outlines procedures for decision-making, and clarifies responsibilities in case of disagreements or financial issues. Essentially, partnership law provides a legal framework to help partners operate transparently and protect their interests while running a business collaboratively.