Common use of Involuntary Withdrawal of a Partner Clause in Contracts

Involuntary Withdrawal of a Partner. Events resulting in the involuntary withdrawal of a Partner from the Partnership will include but not be limited to: ● Death of a Partner; ● Partner mental incapacity; ● Partner disability preventing reasonable participation in the Partnership; ● Partner incompetence; ● Breach of fiduciary duties by a Partner; ● Criminal conviction of a Partner; ● Expulsion of a Partner; ● Operation of Law against a Partner, or any act or omission of a Partner that can reasonably be expected to bring the business or societal reputation of the Partnership into disrepute.

Appears in 11 contracts

Samples: Wisconsin Partnership Agreement, Washington Partnership Agreement, Jersey Partnership Agreement

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