23rd October 2020
Why you should avoid being a Partnership at Will
Whenever you enter a new partnership, it is vital to have a written partnership agreement, to avoid it being deemed a Partnership at Will, governed by the Partnership Act 1890 (the “Act”). Here, Sana Sadiq, senior solicitor at BMA Law, explains the pitfalls of this default arrangement. What is a Partnership at Will? A Partnership at Will is a form of partnership that operates under…