Please enable JavaScript.
Coggle requires JavaScript to display documents.
PARTNERSHIP WK2 - Coggle Diagram
PARTNERSHIP WK2
PATNERSHIP AGREEMENT
FORMATION
capital & % owned by each, salaries, profit & loss allocation
Place, nature, name, commencement date, duration
-
-
-
Death, bankruptcy, retirement
-
-
-
-
-
IMPORTANCE OF AGREEMENT
-
-
-
No right for EXPULSION, even if negligent
DISSOLUTION
Any 1 partner, attend meeting, oral notice
DEATH
automatically DISSOLVES
NO general RIGHT to acquire deceased partner's share, negotiate with estate
RETIREMENT
No power to retire, only DISSOLVE
EXCLUDE 1890 RIGHTS, have agreement
-
-
-
-
-
-