Termination of a Partnership

How do partnerships terminate?

Answer (1)

Team Legistify

  • Sector-1, Noida

In the absence of a written agreement, partnerships end when one partner gives notice of his express will to leave the partnership. If you don't want your partnership to end so easily, you can have a written agreement that outlines the process through which the partnership will dissolve. For example, the partnership can dissolve if a certain event happens or it can provide a mechanism whereby the partnership can continue if the remaining partners agree to do so.

Answered on 28 Sep 2018


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