Commentary

76.2 ‘Whole time and attention’ clauses

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

76.2 ‘Whole time and attention’ clauses

| Commentary

76.2 ‘Whole time and attention’ clauses

Although ‘whole time and attention’ clauses are common in partnership agreements, such a clause is not going to be appropriate for all partners, for example those who are only intending to work part-time in the business, or who are sleeping partners with no active role in the day-to-day running of the partnership business. Consequently, the agreement will need to be drafted in such a way as to apply the ‘whole time and attention’ clause to the full-time partners only, with supplementary provisions setting out in detail the time commitment being taken on by the

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