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<a accesskey="1" href="page.php?w=General_partnership&amp;p=3">1.Previous</a><br />
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<p>assets are subject to <a href="page.php?w=Attachment_%28law%29">attachment</a> and <a href="page.php?w=liquidation">liquidation</a> to pay the creditor.</p>

<p>By default, profits are shared in accordance with the proportion of capital contribution amongst the partners. However, a partnership agreement will almost invariably expressly provide for the manner in which profits and losses are to be shared in accordance with that proportion. Liability, on the other hand, will not be shared equally unless express provisions indicate such possibility.</p><p>
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