Which document is the legal contract among partners in a partnership?

• A. Certificate of Incorporation
• B. Company
• C. Deed of Partnership
• D. Articles of Association

Answer: (C)

In a partnership, the document that serves as the legal contract between the partners is the deed of partnership. It lays out how the business will run, including each partner’s capital contributions, how profits and losses are shared, each partner’s role and authority, how decisions are made, and procedures for admitting new partners or ending the partnership. Having this written agreement creates a binding framework that helps prevent disputes by clearly outlining rights and responsibilities. By contrast, a Certificate of Incorporation and Articles of Association relate to companies, not partnerships, and a company itself is a separate legal entity rather than the contract among partners.