Existence of partnership depends on real relation and all relevant facts; profit-sharing alone does not create partnership. Determination of partnership depends on the real relation between parties shown by all relevant facts; sharing of profits or receipts contingent on profits does not by itself create a partnership, and specific instances-payments to lenders, servants or agents as remuneration, dependents as annuity, or former owners for goodwill-are not conclusive of partnership.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Existence of partnership depends on real relation and all relevant facts; profit-sharing alone does not create partnership.
Determination of partnership depends on the real relation between parties shown by all relevant facts; sharing of profits or receipts contingent on profits does not by itself create a partnership, and specific instances-payments to lenders, servants or agents as remuneration, dependents as annuity, or former owners for goodwill-are not conclusive of partnership.
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