NTIn ForceAct
Partnership Act 1997
54Partnership agreement
Start here
Get a plain-English read of 54
Turn the raw legal text into a practical explanation grounded in Partnership Act 1997.
54 Partnership agreement
(1) There must be a written agreement between the partners in an
incorporated limited partnership (the partnership agreement) that
sets out the interests, rights and obligations of the partners.
(2) On the partnership's registration, the partnership agreement has
effect as a contract between the partnership and the partners.