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Partnership > Duration > Flashcards

Duration Flashcards

1
Q

At Will

A

No agreement at outset regarding duration.

Any partnership exit will be rightful

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2
Q

For Definite Term/ Particular Undertaking

A

Agreement for definite term or particular undertaking. If length is longer than 1 year SOF is a requirement.

Early withdraw from partnership unlawful.

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Partnership (16 decks)

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