Partnership Law Act 2019

Relationship of partners to third persons and to each other - Relationship of partners to third persons

17: Partner is agent of firm and other partners

You could also call this:

"Partners can speak and act for their business and each other"

When you're part of a partnership, you become like a representative for your business and the other partners. This means you can act on behalf of the partnership and your partners when it comes to doing things for your shared business. It's like being a spokesperson for your team, where you can make decisions and do things that affect the whole group, not just yourself.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206002.


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"What happens when someone who borrowed money or bought a business can't pay their debts"


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18: Power of partner to bind firm, or

"Partners can make decisions that affect the whole partnership, but there are limits"

Part 3Relationship of partners to third persons and to each other
Relationship of partners to third persons

17Partner is agent of firm and other partners

  1. Every partner (A) is an agent of the firm and of A’s partners for the purpose of the business of the partnership.

Compare
  • 1908 No 139 s 8