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Sehon Richards Financial Management 29th January, 2014

Deed of Partnership A document containing an agreement that details the rights and obligations of each partner participating in a venture. Types of Partnership Active - Investor who participates in the day to day management of the partnership. Passive Not the main initiator, someone who just sits and watches. Dormant- A partner who is not known to third persons but is entitled to share in the profits and is subject to the losses.