Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Partnership

A legal entity or formal arrangement between two or more partners to manage and operate a business, governed by a partnership agreement. The partners have direct rights to a share of the assets and the profits of the partnership. An example of a partnership is a Limited Partnership.

Source: Global | Date: 23 March 2020 | ID: D0583 | Version: 2