Assertion: partnership's right | /r/CapableOf | use partnership property
Facets:
value: for partnership purposes
type: PURPOSE
Source sentences:
text: The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.
text: This means that each partner has an equal right to use the partnership property for partnership purposes unless there is an agreement to the contrary.
text: The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.