You are here

Right to Management

15 January, 2016 - 09:35

All partners are entitled to share equally in the management and conduct of the business, unless the partnership agreement provides otherwise. 1 The partnership agreement could be structured to delegate more decision-making power to one class of partners (senior partners) than to others (junior partners), or it may give more voting weight to certain individuals. For example, perhaps those with the most experience will, for the first four years after a new partner is admitted, have more voting weight than the new partner.