Nassau New York Agreement for the Dissolution of a Partnership

Name: Nassau New York Agreement for the Dissolution of a Partnership
Brand: US Legal Forms
Rating: 4.72 (375 reviews)

Category:

Partnerships - Contracts - Dissolution

State:

Multi-State

County:

Nassau

Control #:

US-00426BG

Format:

Instant download

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Description

Partnerships may be dissolved by acts of the partners, order of a Court, or by operation of law. From the moment of dissolution, the partners lose their authority to act for the firm.

From the moment of dissolution, the partners lose their authority to act for the firm except as necessary to wind up the partnership affairs or complete transactions which have begun, but not yet been finished.

A partner has the power to withdraw from the partnership at any time. However, if the withdrawal violates the partnership agreement, the withdrawing partner becomes liable to the co partners for any damages for breach of contract. If the partnership relationship is for no definite time, a partner may withdraw without liability at any time.

DISSOLUTION BY ACT OF THE PARTIES

A partnership is dissolved by any of the following events:
* agreement by and between all partners;
* expiration of the time stated in the agreement;
* expulsion of a partner by the other partners; or
* withdrawal of a partner.

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FAQ

The Nassau Agreement, concluded on 21 December 1962, was an agreement negotiated between President of the United States, John F. Kennedy, and Harold Macmillan, the Prime Minister of the United Kingdom, to end the Skybolt Crisis.

The Tory government of Harold Macmillan accused the Kennedy administration of canceling Skybolt to force an end to their independent nuclear deterrent. The American government countered that the decision was based solely on technical and financial grounds.

The Nassau Accord was agreed to calling on the government of South Africa to dismantle its apartheid policy, enter into negotiations with the country's black majority and end its occupation of Namibia.

The Nassau agreement (December 1962) between Macmillan and Kennedy, that the United States should furnish nuclear missiles for British submarines, enraged Charles de Gaulle, who then was head of the French state and who insisted on a Europe uncontrolled by the United States.

The Polaris Sales Agreement was a treaty between the United States and the United Kingdom which began the UK Polaris programme. The agreement was signed on 6 April 1963.

More info

Of partners when not subject to special agreement 28A. The most important dissolution-related problems under current law.What are my Rights in a Business Partnership gone bad? Can I force a Buyout? In the Matter of the Estate of Gerald Mayer, Deceased, 176 Misc. Less frequently, receivers are appointed in the dissolution of corporations and partnerships. Create an Operating Agreement; Step 6. We are not, as I said at the last press conference, in the harbor.

Nassau New York Agreement for the Dissolution of a Partnership

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What did JFK do for the Bahamas?

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