Particular Partnership Sample Clauses
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Particular Partnership. A partnership can be formed for carrying on continuous business, or it can be formed for one particular venture or undertaking. If the partnership is formed only to carry out one business venture or to complete one undertaking such a partnership is known as a particular partnership. After the completion of the said venture or activity, the partnership will be dissolved. However, the partners can come to an agreement to continue the said partnership. But in the absence of this, the partnership ends when the task is complete.
Particular Partnership. It is one which has for its object, determinate things, their use and fruits, or a specific undertaking or the exercise of a profession or a vocation. (Art. 1783, NCC)
Particular Partnership. What is particular partnership?