What are the types of Partnerships?


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  1. Partnership at will: Where the partners have not provided in their deed, for the duration of partnership or for the termination of partnership, the partnership is called “partnership at will”. A partner may retire to dissolve the partnership at his will, by giving a notice to other partners, of his intention to do so.
  2. Particular partnership: A person may become a partner with another person in particular adventures or undertakings.
  3. Partnership for  a fixed term: Where the partners fix the definite period or duration of partnership, it is called a partnership for a fixed term.

 

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