Common use of Termination of Partnership By Both Partners or By Agency Clause in Contracts

Termination of Partnership By Both Partners or By Agency. If the partnership is to be terminated as a result of a decision of the partners or a decision of the agency, and both partners are willing to resume full-time positions, the following procedure shall apply:

Termination of Partnership By Both Partners or By Agency. If the partnership is to be terminated as a result of a decision of the partners or a decision of the agency, and both partners are willing to resume full-time positions, the following procedure shall apply: I. The shared position shall be offered to the partner specified in the partnership agreement, or, if the agreement is silent, to the more senior partner.