PARTNERSHIP ACT 1891 - SECT 29
Retirement from partnership at will
PARTNERSHIP ACT 1891 - SECT 29
Retirement from partnership at will
29 Retirement from partnership at will
(1) If no fixed term has been agreed upon for the duration of the partnership,
any partner may determine the partnership at any time on giving notice of the
partner’s intention so to do to all the other partners.
(2) If the
partnership has originally been constituted by deed, a notice in writing,
signed by the partner giving it, is sufficient for this purpose.
(3) This
section does not apply in relation to an incorporated limited partnership.