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PARTNERSHIP ACT 1890 - SECT 27

Where partnership for term is continued over, continuance on old terms presumed.

27.(1) Where a partnership entered into for a fixed term is continued after
the term has expired, and without any express new agreement, the rights and
duties of the partners remain the same as they were at the expiration of the
term, so far as is consistent with the incidents of a partnership at will.

(2) A continuance of the business by the partners or such of them as
habitually acted therein during the term, without any settlement or
liquidation of the partnership affairs, is presumed to be a continuance of the
partnership.


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© 1890 Crown Copyright

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