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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67983</law_id><section_number>50-73.104</section_number><catch_line>Continuation of partnership beyond definite term or particular undertaking</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="1" identifier="2.2">Virginia Uniform Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="4">Relations of Partners to Each Other and to Partnership</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or completion, so far as is consistent with a <span class="dictionary">partnership at will</span>. <a id="paragraph-246161" class="section-permalink" href="https://vacode.org/50-73.104/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If the partners, or those of them who habitually acted in the <span class="dictionary">business</span> during the term or undertaking, continue the <span class="dictionary">business</span> without any <span class="dictionary">settlement</span> or <span class="dictionary">liquidation</span> of the partnership, they are presumed to have agreed that the partnership will continue. <a id="paragraph-246162" class="section-permalink" href="https://vacode.org/50-73.104/#B"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292.</history><metadata></metadata></law>
