Partners can make provisions in the partnership agreement to avoid dissolution due to death only if all parties agree to accept as partners those who inherit the deceased's interest.

Question

Quizplus · Accepted Answer

This is known as a "continuation agreement" and can be included in the partnership agreement, but it requires the agreement of all partners. Without such an agreement, the death of a partner typically triggers dissolution of the partnership.

Partners Can Make Provisions in the Partnership Agreement to Avoid