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Section 8416 - Application of partnership agreement — Pennsylvania Law | CourtGPT
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Pennsylvania Legal Code

Section 8416 - Application of partnership agreement

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(a) Partnership bound.--A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement. (b) Deemed assent.--A person that becomes a partner is deemed to assent to the partnership agreement. (c) Preformation agreement.--Two or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement. (d) Cross reference.--See section 8422(a) (relating to formation of partnership). Cross References. Section 8416 is referred to in section 8422 of this title.