Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694878533562.pdf (Antigua and Barbuda)
LAWS OF ANTIGUA AND BARBUDA Partnership (CAP.

306 1 CHAPTER 306 T H E PARTNERSHIP A C T Arrangement of Sections Section 1.

Short title.

2.

Interpretation.

3 .

Advance of money on contract to receive T s h a r e of profits not to constitute the lender a partner.

4.

Remuneration of agents, &c., by shares of profits not to make them partners.

5.

Certain annuitants not to be deemed partners.

6.

Receipt of profits in consideration of sale of goodwill not to make the seller a partner.

7.
7.

In case of bankruptcy, &c., lender not to rank with other creditors.

PARTNERSHIP (3 1st December, 1888.)

1.

This Act may be cited as the Partnership Act.

Short title.

2.

I n this Act- Interpretation. "

person" includes a partnership firm, joint stock com- pany, and a corporation.

2 CAP.

306) Partnership LAWS OF ANTIGUA AND BARBUDA 3.


T h e advance of money by way of loan to a person Advance of money on engaged, or about to engage, in any trade or undertaking, contract to receive a share of upon a contract in writing with such person that the lender profits not to shall receive a rate of interest varying with the profits, or constitute the lender a partner.
shall receive a share of the profits, arising from carrying on such trade or undertaking, shall not, of itself, constitute the lender a partner with the person or persons carrying on such trade or undertaking, or render him responsible as such.

4.

NO contract for the remuneration of a servant or Remuneration of agents &c. by shares'of piofits, agent of any person engaged in any trade or undertaking not to make by a share of the profits of such trade or undertaking shall, them partners.
of itself, render such servant or agent responsible as a partner therein, or give him the rights of a partner.

Certain annuitants not to be deemed partners.

5 .

No person being the widow or child of the deceased partner of a trader, and receiving by way of annuity a portion of the profits made by such trader in his business, shall, by reason only of such receipt, be deemed to be a partner of, or to be subject to any liabilities incurred by, such trader.
Receipt of profits in consideration of sale of goodwill not to make the seller a partner.

6.

No person receiving, by way of annuity or other- wise, a portion of the profits of any business, in considera- tion of the sale by him of the goodwill of such business, shall, by reason only of such receipt, be deemed to be a partner of, or be subject to the liabilities of, the person carrying on such business.

In case of bankruptcy, &c., lender not to rank with other creditors.

7.
I n the event of any such trader as aforesaid being adjudged a bankrupt, or taking the benefit of any Act for the relief of insolvent debtors, or entering into an arrange- ment to pay his creditors less than one hundred cents in the dollar, or dying in insolvent circumstances, the lender of any such loan as aforesaid shall not be entitled to recover any portion of his principal, or of the profits or interest payable in respect of such loan, nor shall any such vendor of a good- will as aforesaid be entitled to recover any such profits as aforesaid, until the claims of the other creditors of the said trader for valuable consideration in money or money's worth have been satisfied.