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What is Defining Partnership in Contract Law about?

The document summarizes key aspects of partnership law in the Philippines. It defines a partnership as a contract between two or more persons to contribute money, property, or industry to a common fund with the intention of dividing profits. The essential elements are mutual contribution to a common stock and a joint interest in profits. A partnership is formed if these elements exist, even without a formal agreement. The characteristics of a partnership include being bilateral, onerous, nominate, consensua

Author

Che Pueblo

Language

EN