partnership at will

partnership at will
partnership at will see partnership

Merriam-Webster’s Dictionary of Law. . 1996.

partnership at will
a partnership with no fixed term. It can, as the name suggests, be terminated by any partner giving notice of termination.

Collins dictionary of law. . 2001.


partnership at will
A form of partnership that arises where no fixed term has been agreed for the duration of the partnership or the partnership has been entered into for an undefined term. A partnership at will may be dissolved at any time by a partner serving notice on the other partner(s). A partnership will be a partnership at will unless contrary intention can be proved, for this, there must be an express or implied agreement that is inconsistent with the right which a partner would otherwise have to determine the partnership by notice.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • partnership-at-will — See partnership …   Big dictionary of business and management

  • partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …   Law dictionary

  • partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… …   Black's law dictionary

  • partnership — An association of two or more people (partners) formed for the purpose of carrying on a business. Partnerships are governed by the Partnership Act (1890). Unlike an incorporated company, a partnership does not have a legal personality of its own… …   Big dictionary of business and management

  • partnership — An association of two or more people (partners) formed for the purpose of carrying on a business. Partnerships are governed by the Partnership Act (1890). Unlike an incorporated company, a partnership does not have a legal personality of its own… …   Accounting dictionary

  • Partnership taxation — is the concept of taxing a partnership business entity. Many jurisdictions regulate partnerships and the taxation thereof differently.Common LawMany common law jurisdictions apply a concept called flow through taxation to partnerships.… …   Wikipedia

  • Will D. Cobb — (born July 6, 1876 in Philadelphia died January 20, 1930 in New York) was a famous lyricist and composer. He had a writing partnership with Ren Shields that produced many popular musicals and musical comedies.Productions and input of Will D. Cobb …   Wikipedia

  • Will Fyffe — (February 16, 1885, Dundee, Scotland ndash; December 14 1947) was a popular music hall entertainer in the United Kingdom in the early years of the 20th Century, best known for his song I Belong To Glasgow , even though the east coast city of… …   Wikipedia

  • Will Wyatt — (born January 7 1942) is a British media consultant and company director, formerly a journalist, television producer and senior executive at the BBC. His career began in 1964 as a trainee journalist on the Sheffield Telegraph newspaper, before… …   Wikipedia

  • Partnership taxation in the United States — The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified as Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are flow through entities. Flow… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”