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Silent Partnership Agreement

A legal contract between two or more parties in which one partner remains silent and provides capital, while the other partner manages the business.

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Service Description

A Silent Partnership Agreement is a legal document that outlines the terms of a partnership where one partner provides funding while the other partner manages the day-to-day operations of the business. The silent partner, as the name suggests, does not actively participate in the business but receives a share of the profits. The agreement typically covers the amount of capital contributions, profit sharing, decision-making processes, and duration of the partnership. It is important to have a Silent Partnership Agreement in place to ensure that all parties involved are aware of their roles and responsibilities and that the business operates smoothly and efficiently.

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