Page v. Page
From Clever Camel WikiJump to navigationJump to search
- Was the dissolution of the partnership done in bad faith?
- Do the terms of the partnership agreement constitute an agreement to stay a partnership for a term?
- The court says that if there is wrongful dissolution - i.e. the dissolving partner acted in bad faith (in an attempt to dissolve the partnership and then start another one, thereby excluding the other partners) - then there would be damages.
- The partnership agreement says that the company will stay together until the partnership becomes profitable. The court says that this agreement does not constitute a partnership term; every partnership has the hope of eventually becoming profitable.