1. If a partnership agreement is not made or does not specify a case, then any dispute between the partners will be settled in accordance with the Partnership Act 1961.
2. The following are some of the provisions of the Partnership Act 1961:
(a) Profit and loss are evenly distributed.
(b) Unpaid partner.
(c) Interest not paid on the partner’s capital.
(d) Interest at a rate of 8% per annum paid on a loan given by a
(e) Interest is not imposed on taking.
(f) The solution to any dispute between the partners is made by
(g) The consent of all partners must be obtained to take a new partner
(h) All partners can manage partnership matters.
(i) All book sharing accounts must be kept at the place of business.
Each partner has the right to review it.