§ 16406 Continued Partnership Presumptions
This law says that if a partnership that was set up for a set time or a specific project keeps going after that time ends, the partners keep the same rights and duties they had before, and the law assumes they agreed to keep the partnership alive if they keep working without settling up.
Three friends start a food truck for a one‑year event. After the year ends, they keep running the food truck but never sign a new partnership agreement.
Because they kept the business going, the law says they still have the same partnership rights and duties as before, and it assumes they all agreed to keep the partnership going even though they didn’t write anything down.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 16406 Continued Partnership Presumptions
Last verified: January 10, 2026