Partnership
idea · 5 works · 5 mentions · 7 anchored passages
partnership · acts of communication · commercial enterprise · joint enterprise · joint undertaking · saṃbhūyasamutthānaprakaraṇam · trading partnerships
in the texts
The Rights of War and Peace
Joint ventures where parties share contributions, profits, and losses
Acts of communication are those, where each contributes a share to the joint stock.
For it is contrary to the very nature of partnerships for any one to share in the gain, and to be exempt from the losses.
But in a general partnership the shares are not to be measured by what may arise from this or that article, but from the probable profits of the whole.
Bṛhaspati Smṛti
Joint commercial, agricultural, artisanal, or ritual undertaking among multiple persons, with rules for qualification, profit-sharing, and loss.
With the incapable, the lazy, the sick, the unfortunate, and the helpless, wise men should not undertake commercial and other joint enterprises.
With men of good family, skillful, not lazy, wise, who know coins, who know income and expenditure, are pure, and brave, one should undertake joint enterprises.
Where goldsmiths and others practice their craft jointly, they should receive their wages according to their work and in proportion to their shares.
Kātyāyana Smṛti
The legal doctrine governing equal or ranked division of profit among those who jointly undertake commercial, criminal, or artistic ventures.
For traders, farmers, thieves, and artisans, and for all those who do not have fixed shares, this is the determination.
Those who have come together, whether artisans or traders, the fruit obtained there is equal for all, if they have not divided it and separated.
Those who engage in business with gold, grain, liquids, and so on, with equal, lesser, or greater shares, their profit shall be of the same kind.
Nāradasmṛti
A legal topic (titled section 3) concerning joint commercial or ritual undertakings and division of profit, loss, and obligation.
When merchants and others undertake a work jointly, that is remembered as 'Partnership,' a topic of litigation.
For those who undertake a work jointly by some means for the sake of profit, the capital invested is the basis;
A merchant who has reached a toll-station should pay the toll as prescribed.
Yājñavalkya Smṛti
The legal doctrine of business partnership, governing proportional sharing of profit and loss and liability for negligence or dishonesty.
For merchants who act in partnership for the sake of profit, profit and loss are in proportion to their capital, or as agreed upon by their compact.
He who states a false measure and evades the customs-house, and he who buys or sells with fraudulent intent, shall be made to pay eight times the amount.
What is lost through a forbidden or unauthorized act, or through negligence, that he must make good;