Dissolution

Graw, Stephen (2011) Dissolution. In: Das, Milton, (ed.) Halsbury's Laws of Australia. LexisNexis Butterworths, pp. 556321-556355.

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Abstract

[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 ID: 20846
Item Type: Book Chapter (Other)
ISBN: 978-0-409-30467-1
Keywords: partnership; contract law
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Additional Information:

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."

An updated version of this publication is available through ResearchOnline at the related URL.

Date Deposited: 01 May 2012 03:47
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