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Q1: Suppose that shortly after graduating from university you decide to open a restaurant in your city. You may find that it is not possible
Q1: Suppose that shortly after graduating from university you decide to open a restaurant in your city. You may find that it is not possible to arrange money required to start and run the business alone. You may then talk to your friends and all of you agree to run the restaurant by contributing a certain sum of money and other things required. So all of you join hands together to become the owners and share profits and losses. Draw up a partnership agreement when entering into partnership
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