A partnership is not a 'person' or legal entity in its own right, but it may sue and be sued in the firm name1. A reference in a contract to 'the firm' must be taken to mean the partners themselves2. Every partner in a firm is liable jointly with the other partners for all debts and obligations of the firm incurred while he is a partner3. A promissory note signed by one partner for himself and his named partners may
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234