Partners - Definition - Law Dictionary Home Dictionary Definition partners

Definition :

Partners, the distinction between co-owners and partners is that in the case of co-ownership the co-owners do not intend to carry on a business. On the other hand, the partnership intend to carry on business, K.T. Abdul Badsha Saheb v. Century Wood Industries, AIR 1954 Mys 33; see also Gopalji v. Nagarmal Baijnath, AIR 1936 Pat 441.