Commentary

71.2 Drafting issues — decisions requiring unanimity

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

71.2 Drafting issues — decisions requiring unanimity

| Commentary

71.2 Drafting issues — decisions requiring unanimity

The partners may wish to adopt the provisions of the default code requiring unanimity, in which case it may be helpful for them to have these provisions set out expressly in the partnership agreement1. Consequently, it is common to find terms requiring all the existing partners to agree to a change in the nature of the partnership business or the introduction of a new partner. It is also usual to include a boilerplate clause in the partnership agreement requiring any variations to the agreement itself to be evidenced in writing and signed by

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