The agreement among which set out the terms on which they had agreed to form a partnership deed...........

General Accounting Principles Partnership

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The agreement among which set out the terms on which they had agreed to form a partnership deed is called?

Partnership deed

Partnership at will

None of these

Arbitrary clause

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Explanation:

Partnership Deed is a written legal document that consists of an agreement between two individuals who want to do business together and share profit and losses. Partnership Deed is also termed as Partnership Agreement wherein business gets registered as Partnership Firm. To start a new business, two individuals gather mutual understanding of sharing profits and losses together in a defined manner (unlike a sole proprietorship).