7th November 2024
Breaking Down the Partnership Act: What Happens When Partners Disagree?
by Julian Norris The Partnership Act 1890, provides at section 1 (1), “Partnership is the relation which subsists between persons carrying on a business in common with a view of profit. ” Of course there is often a bit more to it than this and whilst there are usually profits to share, these can fluctuate and there can sometimes even be losses as well as…