Two or more warrant holders may enter into an agreement by means of a private deed, hereinafter referred to as a “partnership of periti”, having for its exclusive object to practise the profession collectively. No person other than a warrant holder may be a partner in a partnership of periti. Any such partnership is registered with the Warranting Board, and upon such registration, the partners shall, for as long as it is so registered, be authorised to act in the name and on behalf of the partnership, which shall be entitled to the designation Periti.
As a result of the deed, the partners are jointly and severally responsible for the actions and omissions of each and every one of them in the performance of their professional duties, the maintenance of the required professional standards and conduct, and generally in the fulfilment of the obligations under this Act or any other applicable law. They shall also be jointly and severally liable for any loss or damage resulting therefrom.
Any act or thing that may be done by a warrant holder may be done by one or more of the signatories in the name of all the signatories, and any act or thing done in the name of the signatories shall be done by one or more of the signatories.