Imagine you started a partnership, what type of legal advice should you and your partner seek?
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Before starting out a new venture in the form of a partnership, the following legal advise can be sought:
1. Decide the form of partnership- general or limited.
2. What will happen if one one partner remains at some point of time?
3.How should the business be governed?
4.Clauses to be included in the partnership agreement
5.Clarity on what will happen in case of dissolution.
This will help to avoid litigation later.
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