partnership at will

Definition of "partnership at will"
  1. A business relationship that doesn't have a specified duration provided by an agreement, and can be ended by any partner at any time
How to use "partnership at will" in a sentence
  1. 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.
  2. The store was operating under a partnership at will so when one partner decided to retire, the partnership easily dissolved.
  3. In a partnership at will, it's important to maintain good communication since any partner has the freedom to terminate the partnership.

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