Common use of Partner's Power to Bind Partnership After Occurrence of Event Requiring Winding Up Clause in Contracts

Partner's Power to Bind Partnership After Occurrence of Event Requiring Winding Up. After the occurrence of an event requiring winding up, the Partnership shall be bound by a Partner's act that: (a) is appropriate for winding up the Partnership business; or (b) would otherwise bind the Partnership before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

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