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GCSE Business · key term
An agreement setting out partners’ responsibilities and arrangements, including investment, profit sharing, voting rights and changes in membership.
Used by Edexcel and OCR
Specification 1.4.1 · Paper 1
Revise: Start-Up Ownership OptionsA deed of partnership helps establish how the partners will work together. It can set out each partner’s investment, profit shares and voting rights, together with arrangements for a partner leaving or someone new joining. Profit shares need not be equal: they depend on the agreement.
Paper 1
An agreement setting out partners’ rights and responsibilities, including contributions of capital, decision-making and the sharing of profits.
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