As noted in an earlier section, in a general partnership, all partners are personally liable for the actions of any other partner but only within the scope of the partnership's defined business.

This section further defines restrictions on what partners are allowed to do in the name of the partnership. It further protects all partners against personal exposure to the consequences of inappropriate actions on the part of any other partner.

This section also protects the partnership from the inadvertent addition of a partner or person or business with a claim to part of the partnership.

Back to Partnership Agreement

Disclaimer: statements are opinions expressed by bivio Customer Support and are not official statements from any government agency. These statements are not intended to replace professional legal or accounting advice. When in doubt, follow the advice of your lawyer or accountant who is familiar with your particular circumstances and the laws of your state.