The Partnership Act 1890 (c. 39) is a Act of the Parliament of the United Kingdom, which governs the rights and duties of people who carry on business in common with a view to profit.[1]
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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.