If one partner in a partnership dies, what must the remaining partners do?

In a partnership, the handling of a partner's death largely depends on the partnership agreement. If the partnership agreement has provisions that allow for the continuation of the business despite one partner passing away, the remaining partners can proceed with the business operations without any legal complications. This continuation clause enables the remaining partners to effectively manage and run the partnership as before, maintaining the business's stability and ongoing operations during what can be a difficult transition.

In situations where the partnership agreement lacks clear provisions regarding a partner's death, the remaining partners may need to address various procedural and legal matters, but the emphasis here is on the power of the agreement to dictate the next steps. Therefore, the option stating that remaining partners can continue if the partnership agreement allows for such a continuation underscores the importance of having a well-defined partnership agreement that anticipates significant issues like the death of a partner.

This understanding underscores the necessity for partnerships to clearly articulate these scenarios in their foundational agreements to avoid potential disputes and disruptions following a partner's death.