Q&As

What is the procedure for a partnership to enter into contracts or deeds where there is no partnership agreement? Do any special rules apply where property is being sold by the partnership?

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Published by a LexisNexis Corporate expert
Published on: 19 April 2016
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Execution of contracts and deeds

A partnership is not a legal entity and cannot enter into contracts in its own name. Accordingly, the partners have the authority to enter into contracts on behalf of the partnership.

In the absence of provisions to the contrary, all partners will stand on an equal footing and will usually have broad authority to bind the other partners when they contract on behalf of the partnership in the ordinary course of its business. However, any given partnership may have bespoke arrangements in place in relation to the authority of its partners and responsibility for contracting on behalf of the partnership,

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Partnership agreement definition
What does Partnership agreement mean?

Written agreement between the partners to a partnership'>general partnership setting out the rights and duties of the partners between themselves.

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