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    There are two parties which are mutually arranging a theatre performance. They have decided a ratio mutually according to which they both will look after the working of the theatre and they will distribute the expenses accordingly. The foremost requirement of the partnership agreement is that they should have a written agreement on which all the rules and regulations have been mentioned according to which the further activities are carried. The parties need to follow the rules and instructions according to the partnership agreement to get into a partnership and they carry on the busine

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