Graw, Stephen (2011) Dissolution. In: Halsbury's Laws of Australia. LexisNexis Butterworths, pp. 556321-556355.
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[Extract] Subject to any agreement between the partners, a partnership for an undefined term may be dissolved by any partner giving notice to the other partners of his or her intention to dissolve the partnership. Similar provisions apply to retirement from a partnership that is not for a fixed term.
There is no duty on a partner to act reasonably in deciding whether to serve a dissolution notice but the power to determine the partnership by notice must be exercised in good faith and not for an improper purpose or to derive an undue advantage from the state of the firm.
|Item Type:||Book Chapter (Other)|
Title 305: Partnerships and Joint Ventures.
This is a looseleaf publication. From publisher's website: "Halsbury's Laws of Australia is a legal encyclopaedia which provides a comprehensive overview of Australian law, and is a must-have reference tool for legal professionals in private and public sectors, librarians and students. The encyclopaedia's 89 titles cover both mainstream and little known legal subject areas of law."
|Keywords:||partnership; contract law|
|FoR Codes:||18 LAW AND LEGAL STUDIES > 1801 Law > 180109 Corporations and Associations Law @ 100%|
|SEO Codes:||94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%|
|Deposited On:||01 May 2012 13:47|
|Last Modified:||08 Jun 2012 15:52|
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