The Partnership Act 1890 (c. 39) is a Act

Acts of Parliament in the United Kingdom

An Act of Parliament in the United Kingdom is a type of legislation called primary legislation. These Acts are passed by the Parliament of the United Kingdom at Westminster, or by the Scottish Parliament at Edinburgh....

 of the Parliament of the United Kingdom

Parliament of the United Kingdom

The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom, British Crown dependencies and British overseas territories, located in London...

, which governs the rights and duties of people who carry on business in common with a view to profit.

Main provisions

A partnership can arise by oral agreement, written document or conduct. The minimum membership is two and the maximum since 2002 is unlimited. Unless a partnership expressly excludes the Act it applies. Each partner is entitled to participate in management, get an equal share of profit, an indemnity in respect of liabilities assumed in the course of business and the right to not be expelled by other partners. A partnership ends on the death of a partner. A partner is jointly and severally liable for others debts, so there is no limited liability, unless under.