Partnership Agreement

EVERYTHING in a partnership is subject to negotiation: do get an agreement so that there is absolutely no doubt.  In the case of not having such agreement courts will assume it's 50%-50% but this only pertains to partnership assets AND liabilities: e.g., you cannot come back argue that you should get more because you worked more, in absence of an agreement.

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• Thanks! Laowong. It will have a partnership agreement -jessefan- ♀ (37 bytes) () 04/05/2012 postreply 19:10:57