Miscellaneous Provisions

Indian Contract Act (ICA)1872

Title

45:30

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Where the partnership is at will a partner can retire any time

By consent

By agreement

By notice

All of the above

- In a partnership at will, any partner can retire at any time.

- This means there are no fixed terms or timelines for retirement.

- By consent: Retirement requires the agreement of all partners, not applicable in partnership at will.

- By agreement: Also not necessary in partnership at will, as there is no binding agreement on retirement.

- By notice: Correct. In a partnership at will, a partner can simply retire by giving a notice in writing to the other partners.

- All of the above: Not correct, only “by notice” is specifically required.