Essays on Written Agreement

”A partnership is the relationship which exists between persons carrying on a business in common with a view to profit” (Gooley, 2003). Partners may decide to commence their partnership business with either a written or a verbal agreement. The written agreement generally known as a Partnership deed lays down the basic principles for running the business such as division of work, sharing of profits and losses, settlement of liabilities, appointment and removal of partners, settlement of disputes, dissolution of partnership and the like. ”In the absence of such an agreement, the Uniform Partnership Act, a set of laws pertaining ...

Plaintiff, Suk Semoon, was an artist who was a professional artist who placed in the National Competition hosted by the National Gallery of the Republic of Korea in 1965. In 1970, plaintiff graduated with fine arts degree from Hong-Ik University. Plaintiff went on to earn a masters degree from State University of New York in 1989. In 1988, the State University of New York awarded a large research grant to plaintiff. Plaintiff used this grant to make seven sculptures. The Wooster School operates a community arts center (WCAC) on its property to exhibit artworks and is part of the ...

Question and Answer

(2). The best business from for this circumstance would be a limited partnership. In a limited partnership is a partnership with at least one limited partner. In this case the limited partners would be my nine friends that contributed the U.S. $6 million for the purchase of the team. I would be the general partner. As general partner I would be liable for the obligations of the team but also, as agreed upon, I would also be the sole general manager of the business with the authority to make all business and baseball decisions. The limited partners would have ...