Joint Ventures, Strategic Alliances and Partnerships
In any type of business, complications and disputes from among the investors can likely be anticipated. Like in the case of partnerships, disputes among partners can arise at anytime and often revolves around client or profit sharing, breach of partnership, entitlements under the partnership agreement, business management, planning issues, and issues stemming from the dissolution [...]
Partnership is established when two or more entities agreed to form a business for profit. This is managed by the partners themselves. Thus, conflicts, clashes or arguments in partnership are inevitable which more often lead to partnership disputes.
Why partnership disputes occur
Partnership disputes may arise from the formation up to the operation of the business. This [...]
When two or more persons join, a partnership is formed. In business law, a partnership is simply an association of persons for profit.
Persons mean individuals, groups of individuals, companies and corporations.
In this type of business organization, the partners divide the organization’s profits among themselves, manage and control the business operation of the partnership.
As they share [...]
Tags: business law, business venture, contractual agreement, corporations, general partners, tortsWhat is Partnership?
A “partnership” exists when two or more persons agree to contribute their money, industry or property into a common fund to be used in a business, trade or profession. Partners share in the profits gained as well as in the losses obtained by the partnership; their contributions and share not necessarily equal.
Basis of [...]
Tags: business dealings, limited liability partner, losses, mutual trust, partnership agreement, presumption, profits
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