Delaware Statutes
§ 15-408 — Remedies for breach of partnership agreement
Delaware·Title 6·Ch. 15 DELAWARE REVISED UNIFORM PARTNERSHIP ACT·Subch. Relations of Partners to Each Other and to Partnership
A partnership agreement may provide that (i) a partner who fails to perform in accordance with, or to comply with the terms and conditions of, the partnership agreement shall be subject to specified penalties or specified consequences, and (ii) at the time or upon the happening of events specified in the partnership agreement, a partner shall be subject to specified penalties or specified consequences. Such specified penalties or specified consequences may include and take the form of any penalty or consequence set forth in § 15-207(b) of this title.
Free access — add to your briefcase to read the full text and ask questions with AI
Delaware § 15-408 (Remedies for breach of partnership agreement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
72 Del. Laws, c. 151, § 1 ; 72 Del. Laws, c. 390, § 17 ; 73 Del. Laws, c. 85, § 11
Nearby Sections
15
§ 15-1002
Name§ 15-1003
Annual report§ 15-101
Definitions§ 15-102
Knowledge and notice§ 15-104
Supplemental principles of law§ 15-106
Governing law§ 15-108
Name of partnership§ 15-109
Reservation of name§ 15-110
Indemnification