Partnership, where two or more persons agree to make their money, property or industry to the general fund for use in business, trade or profession. The partners share the profits and losses of the partnership, and share their contributions are not always identical.

Partnership

All partnerships are based on the principle of “delictus personarum or mutual trust and confidence. Of course, that those who do not share their resources with another person, which it does not trust. That is also why the unanimous consent of all partners is necessary to ensure that new faces to join the partnership. There is a presumption that a partner has the power to another partner, and even the entire partnership in business or in costume.

What are the obligations of the partners?

Each partner is to contribute to this partnership. How, for example, an industrial partner provides services in partnership, while the de facto partner of money or property, and more control over the affairs of society, contrary to the partner. In addition, each partner has its own responsibility and liability. For example, if lost, the joint responsibility of the partners must provide their own money to pay creditors of the partnership. On the other hand, the liabilities of a limited liability company of her partner until the contribution of the partnership.

Violation of the partnership agreement:

It is a violation of partnerships where the partner has not been able to do what is in it.

Section 16404 of the Company expects that the partnership in May filed a lawsuit against a partner for the following reasons:

1. Violation of partnership agreements

2. The violation of the partnership debt

If there is a breach of the partnership agreement?

There is a breach of the partnership when one side has not fulfilled its obligations as specified in the contract or the article on the partnership. This May include:

1. If you give it to the assessment of contributions to society, despite numerous requests

2. While the share of losses from partnership

3. Disclosure of confidential information to other parts of the business

If there is a breach of the partnership agreement debt?

This partnership has duties to the partners and its customers. May it be a violation of these functions, when the partner does act, which would be detrimental to its partners or customers, for example, when he revealed confidential matters on a partnership with a third person.

Is the violation of the Partnership Agreement actions wrong?

Yes, there is. The violations on the part of their duties or obligations, it becomes a legal ground for his expulsion from the society. A violation could be grounds for partners who are losing confidence in the partner.