True. Concept of agency applies to every partner and the firm as well. So each partner is a principal to and agent of every other partner and to the firm.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement
True. Concept of agency applies to every partner and the firm as well. So each partner is a principal to and agent of every other partner and to the firm.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement