COMMERCIAL PARTNERSHIPS AND THE DUTIES ASSOCIATED WITH THEM

COMMERCIAL PARTNERSHIPS AND THE DUTIES ASSOCIATED WITH THEM

Going into business with someone? It’s not just handshakes and big ideas. South African law has rules about what each partner must do. This article breaks down those rules so you know what you’re getting into before you sign anything. The most important aspect of a partnership is that the partnership exists intending to earn a profit. However, to achieve such a profit, partners have certain responsibilities or duties to satisfy to achieve the de…