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Home / Courts / Partnerships – Partner’s Withdrawal – Purchase of Interest – Valuation – ‘Inventory’ (access required)

Partnerships – Partner’s Withdrawal – Purchase of Interest – Valuation – ‘Inventory’ (access required)

EHP Land Co. v. Bosher When a partner decided to withdraw from the parties’ partnership, the partnership agreement required the partnership to pay the withdrawing partner an amount that was based in part on the partnership’s “inventory”, but the agreement did not define that term. The trial court correctly applied the ordinary meaning of “inventory.”

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