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Podcast: Tamimi Talks
Episode: Partnerships in Iraq
Description: To learn more about the legal nature of a partnership under Iraqi law, our associates, Ali Al Dabbagh and Aro Omar, provide us with a general insight into the nature of partnerships in Iraq, like their advantages and disadvantages, control of the business and liability towards third parties, fiduciary duties of the partners to each other, ownership of partnership capital and sharing profits and losses, some recommended partnership terms; and the importance of maintaining accurate business records.