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This document summarizes the advantages and disadvantages of partnership contracts for the partner and the associate. For the partner, the advantages include access to financing and assets, while the disadvantages are that they are the sole legal responsible party in relation to third parties. For the associate, the advantages are that they do not participate in management nor are they liable for losses, while the disadvantages are that they have no say in decisions and bear the risk of capital losses.
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- ScribdTranslations
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- EN