Partnership Law Act 2019

Financial reporting, dissolution of partnership, and other miscellaneous provisions - End of partnership - How partnership may end

67: Ending partnership at will

You could also call this:

"How to stop being partners when you didn't set a time limit"

If you and your partners haven't decided on how long your partnership will last, any of you can end it whenever you want. To do this, you just need to tell all the other partners that you want to end the partnership.

If you started your partnership by signing a special document called a deed, you can end it by writing a note. You need to sign this note yourself. This written note is enough to let your partners know you want to end the partnership.

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This page was last updated on 13 May 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206084.

Topics:

Business > Industry rules

66: Partnership dissolved at end of term, by end of venture or undertaking, or by notice, or

"Different ways a partnership can end: after a set time, when a project finishes, or when a partner says they want to stop"

68: Partnership that continues after end of fixed term, or

"When partners keep working together after their set time is up"

Part 4Financial reporting, dissolution of partnership, and other miscellaneous provisions
End of partnership: How partnership may end

67Ending partnership at will

If the partners have not agreed on a fixed term for the duration of the partnership, any partner may dissolve the partnership at any time by giving notice to all the other partners of the partner’s intention to dissolve the partnership.
If the partnership was originally constituted by deed, a notice in writing, signed by the partner giving the notice, is sufficient for the purpose of subsection (1).

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1908 No 139 s 29