8336 - Continuation of partnership beyond fixed term. - Pennsylvania Statutes

§ 8336. Continuation of partnership beyond fixed term. (a) General rule.--When a partnership for a fixed term or particular undertaking is continued after the termination of that term or particular undertaking without any express agreement, the rights and duties of the partners remain the same as they were at such termination so far as is consistent with a partnership at will. (b) Effect of continuation of business.--A continuation of the business by the partners or such of them as habitually acted therein during the term, without any settlement or liquidation of the partnership affairs, is prima facie evidence of a continuation of the partnership.