Hammonds (A Firm) v Jones [2009] EWCA Civ 1400 (21 December 2009)
Clause 16.2 of the Partnership Deed, when interpreted in context, binds all persons who were partners during the relevant accounting year, including outgoing partners, to the partnership accounts approved by the process outlined in the deed.
- Citation
- [2009] EWCA Civ 1400
- Parties
- Claimant Respondent: HAMMONDS (a firm); Defendant Appellant: DAVID JONES
- Jurisdiction
- England and Wales
- Judgment Date
- 21 December 2009
- Procedural Posture
- Civil Appeal / Appeal From High Court, Preliminary Issue
- Outcome
- Appeal dismissed
- Legal Topics
- Interpretation of Partnership Deed, Binding Effect of Partnership Accounts, Rights of Outgoing Partners
Case Brief
Summary, issues, holding and outcome
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Parties
HAMMONDS (a firm)
Claimant Respondent
DAVID JONES
Defendant Appellant
Procedural Posture
Civil Appeal / Appeal From High Court, Preliminary Issue
Legal Issues
- 1 Whether partnership accounts approved under clause 16.2 of the Partnership Deed are contractually binding on outgoing partners
- 2 Proper interpretation of 'Partner' and 'Partners' in clause 16.2
Ratio Decidendi
Clause 16.2 of the Partnership Deed, when interpreted in context, binds all persons who were partners during the relevant accounting year, including outgoing partners, to the partnership accounts approved by the process outlined in the deed.
Court Disposition
Appeal dismissed
Orders
- Partnership accounts for the relevant years are binding on the appellant as a retiring partner under clause 16.2 of the Partnership Deed
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