How does a Partnership Operate?
Updated: Jun 2, 2022
A partnership agreement is a legal agreement that dictates the Partnership's operations.
合伙协议是合伙企业规定运作的一项法律协议。

While this is not mandatory by the Partnership Act 1961, avoiding a partnership agreement can lead to significant complications in the future.
Contents in Partnership Agreement
Since a formal agreement is not required, there is no clear list of what it should include, but it usually covers the followings:-
Contribution to capital
Management of the business
Distribution of profits
Apportionment of losses
Remuneration for acting in the partnership business
Introduction of the new partner
Change in the nature of the partnership business
Partnership property
If the partnership agreement is silent or in the absence of a partnership agreement, then the rights of the partners are implied from the provisions of the Partnership Act 1961.
虽然这不是