Mention Four items that are contained in a partnership agreement – NABTEB QUESTION

Items that are contained in partnership agreement are as follows:

i. The name of the partners

ii. The amount that each partner will contribute

iii. The method of sharing profits and losses

iv. Methods of admitting new partner

v. Remuneration to be paid to active partner

vi. The name of partnership and its address

vii. How goodwill will be shared among partners