If a partnership agreement specifies a formula for the sharing of profits, such as according to each partner's investment, but is silent on how losses should be shared, then losses will be shared equally among the partners.

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Quizplus · Accepted Answer

In the absence of a specific agreement on how losses should be shared, losses are typically shared in the same proportion as profits, not equally, unless otherwise agreed upon.

If a Partnership Agreement Specifies a Formula for the Sharing