Contracts Act · s 209

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s 209Rights and obligations of partners in partnership continued after expiry of term for which it was entered into

If a partnership entered into for a fixed term be continued after such term has expired, the rights and obligations of the partners will, in the absence of any agreement to the contrary, remain the same as they were at the expiration of the term, so far as such rights and obligations can be applied to a partnership dissolvable at the will of any partner.