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of <h1>Understanding Partnership Property: Assets, Rights, Interests, and Goodwill Acquired for Business Purposes Under Firm's Funds</h1> The property of a partnership firm encompasses all assets, rights, and interests initially contributed or subsequently acquired for the firm's business purposes, including goodwill. This includes property obtained through purchase or other means for the firm. Unless otherwise specified, any property acquired with the firm's funds is presumed to be for the firm. These provisions are subject to any contractual agreements among the partners.
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