Question

Clark and Nestor start a catering business together. They sign a legal contract that states that the business is owned by them. The agreement also states that they will have an equal share in the profits of the business and will be equally liable for any losses incurred by the business. This scenario exemplifies _____.

Answer 1

This scenario is an example of a business partner ship agreement as they are legally deciding to start a business and also deciding each others share in the business.

Step-by-step explanation: