There is a partnership firm. There are 4 partners sharing the profits as per the profit sharing ratio in the agreement. Firm need money and approached to another person who is not a partner. He is interested to give me money but he says that i need share as a % of profit but i do not want to become partner. The relationship is line borrower and borrowee. Summary of the question: can any one enter into an agreement with partnership for sharing of profits as a percentage on profits though he is not a partner of the firm.
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