https://www.taxtmi.com/caselaws?id=97851 A partnership formed solely to carry on a managing agency business was held not to be a partnership at will, because the contract implied that it would continue while the managing agency subsisted and would determine when that agency ended. A notice by one partner therefore did not itself dissolve the firm. The managing agency was also held to have been validly terminated under the governing company law, with the termination taking effect from the board resolution date, and accounts were confined to the period up to that date. Claims for profits beyond that point were not sustained on the pleaded facts. en-us Mon, 27 Feb 1961 00:00:00 +0530 Sat, 30 Aug 2014 20:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97851 A partnership formed solely to carry on a managing agency business was held not to be a partnership at will, because the contract implied that it would continue while the managing agency subsisted and would determine when that agency ended. A notice by one partner therefore did not itself dissolve the firm. The managing agency was also held to have been validly terminated under the governing company law, with the termination taking effect from the board resolution date, and accounts were confined to the period up to that date. Claims for profits beyond that point were not sustained on the pleaded facts. Case-Laws Companies Law Mon, 27 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97851