Common use of Survival of Liabilities Clause in Contracts

Survival of Liabilities. It is expressly understood and agreed that no Transfer of a Partnership Interest, even if it subsequently results in the substitution of the Transferee as a Partner herein, shall release the transferor or assignor from those liabilities as to the Partnership which survive such Transfer as a matter of law.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

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