Tag Archives: Agreement

Partnership – Agreement – Withdrawal – Lost ‘Rights’ (access required)

Pellegrin v. Berthelsen Even though the parties’ partnership agreement takes away a partner’s “rights” once he withdraws from the partnership, this provision of the agreement does not prohibit plaintiff - a former partner who withdrew from the partnership — from suing his former partners for partnership dissolution/forced buy-out; breach of fiduciary duty; breach of contract; an accounting; an injunction; liquidation of partnership assets; and a declaration that plaintiff is relieved from making contributions to the partnership’s operating deficits.

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