Subject to any agreement express or implied between the partners, every partner may inspect the partnership books1 and may take part in the management of the partnership business2, and, subject to any such agreement, any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners3; but the majority must act in good faith and not arbitrarily, capriciously or unreasonably4; and every partner must have the opportunity of being heard5.
A majority of partners cannot, however, change the nature of the partnership business; for this purpose, the consent of all the
**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