KRS 362.1-406: Continuation of partnership beyond definite term or particular

undertaking.

(1) If a partnership for a definite term or particular undertaking is continued, without an

express agreement, after the expiration of the term or completion of the

undertaking, then the rights and duties of the partners remain the same as they were

at the expiration or completion, so far as is consistent with a partnership at will.

(2) If the partners, or the partners who habitually acted in the business during the term

or undertaking, continue the business without any settlement or liquidation of the

partnership, then they are presumed to have agreed that the partnership will

continue.