Explain partnership at will. – InterviewSolution

1.

Explain partnership at will.

Answer»

Partnership at will:

A partnership where in no duration is mentioned in the partnership deed is called partnership at will. This means that the life or existence of the partnership depends on the will of the partners. They can continue as long as they remain united.
If any of the partner wishes to dissolve the firm then he can do so by giving a legal notice to dissolve the firm.

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