Partnership at will definition

Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.
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Partnership at will means a partnership in which the partners have not agreed to remain partners
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Partnership at will means a partnership that is not a partnership for a definite term or particular undertaking.
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Examples of Partnership at will in a sentence

  • Partnership at will: The partnership formed to carry on business without specifying and period of time is known as partnership at will2.

  • Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.[PL 2005, c.

  • Nothing contained in this Section 12 is intended to grant any Partner the right to dissolve the Partnership at will (by retirement, dissolution, resignation, withdrawal or otherwise), or to exonerate any Partner from liability to the Partnership and the remaining Partners if such Partner acts in contravention hereof.

  • Legal Proceedings - The information required under this item is included in the following section of Part I, Item 1 of this report: Note 5 in Notes to Consolidated Financial Statements Item 6.

  • Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.

  • Partnership at will can be dissolved by giving notice of 14 days.

  • Difference between Co-ownership and partnership – Types of partnership – Types of partnership Partnership at will -Partnership at will is a partnership formed for an indefinite period.

  • If the duration or the terms of determination of Partnership can be implied, it cannot be a Partnership at will.

  • Partnership at will [Sec 7]:A partnership is called a partnership at will –(a) when the duration of their Partnership is NOT fixed, and(b) when no provision is made as to whom and how the Partnership will come to an end.Dissolution : It can be dissolved at any time by any of the Partners notifying his willingness to do so.

  • An engineered solution was developed in order to isolate and provide an alternative relief path.


More Definitions of Partnership at will

Partnership at will means a partnership in which the partners
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Partnership at will means a partnership in
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Partnership at will means a partnership in which the partners have not
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Partnership at will means a part- nership in which the partners have not agreed to remain partners until the expira- tion of a definite term or the completion of a particular undertaking.
Sample 1Sample 2Sample 3
Partnership at will means a partnership in which the 405
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Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration oE a deEinite term or the completion oE a particular undertaking.
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Related to Partnership at will

  • Limited Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 1, 2017, as amended, supplemented or restated from time to time.

  • Operating Partnership Agreement means the Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Public-private partnership agreement means an agreement

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of , 2011, as the same may be amended, modified or restated from time to time.

  • Partnership has the meaning set forth in the Preamble.

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Membership Agreement means an agreement in the form of the Gas Supply Hub Membership Agreement in schedule 1.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.