partnership at will
- A business relationship that doesn't have a specified duration provided by an agreement, and can be ended by any partner at any time
- Since our business doesn't have a fixed term, we have a partnership at will and any of us can choose to leave whenever we want.
- The store was operating under a partnership at will so when one partner decided to retire, the partnership easily dissolved.
- In a partnership at will, it's important to maintain good communication since any partner has the freedom to terminate the partnership.