Partnership At Will - Law Dictionary Search Results
Home Dictionary Name: partnership at willPartnership at will
Partnership at will, a 'partnership at will' is that it is open to either partner to dissolve the partnership by giving notice, Karumuthu Thiagarajan Chettiar v. E.M. Muthappa Chettiar, AIR 1961 SC 1225 (1230): (1961) 3 SCR 998....
partnership at will
partnership at will see partnership ...
partnership
partnership : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members of a family general partnership : a partnership in which ea...
at-will
at-will A term used to describe many employment relationships. In a nutshell, "at-will" means that an employee can be fired for any reason, or for no reason at all. However, even an at-will employee is entitled to the protection of anti-discrimination laws. If an employee is terminated in violation of anti-discrimination laws, he or she may be able to successfully bring an action against the former employer. ...
At will
At will, means subject to one's discretion; as one wishes or chooses; esp. (of a legal relationship), able to be terminated or discharged by either party without cause e.g. employment at will, Black Law Dictionary 7th Edn., p. 125....
Tenant at Will
Tenant at Will. See WILL, ESTATE AT....
at-will employment
at-will employment A type of employment relationship in which there is no contractual agreement and either party may end the employment relationship at any time, for any reason or for no reason at all, without incurring a penalty ...
estate at will
estate at will see estate ...
tenancy at will
tenancy at will see tenancy ...
Partnership
Partnership, the relation which subsists between persons carrying on a business with a view to profit--so defined by s. 1, sub-s. 1, of the (English) Partnership Act, 1890 (53 & 54 Vict. c. 39), a codifying Act of fifty s.s, 'to declare and amend the law of partnership,' which, in effect, transfers the law of the subject from the region of reported cases to that of the statute; Bovill's Act' (see that title) of 1865 (28 & 29 Vict. c. 86), and a small part of the (English) Mercantile Law Amendment Act of 1856, being the only previous statutory enactments on the subject.Rules, which, however, subject to any agreement express or implied between the partners, are laid down by s. 24 for determining the interest of partners in the partnership property and their rights and duties in relation to the partnership. They provide, amongst other things, for equal shares in profits and equal contributions to losses; for indemnification of every partner by the firm in respect of payments properly made...
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