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| Business Contracts & Partnerships Oral and written contracts, corporate partnership, partnership agreements, transactions, disputes, litigation, etc. |
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Jul 21st, 2008, 08:50 PM
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#1 |
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General Partnership Contract Question
Can a partnership contract be held up in court if it states that one partner can determine the percentage distribution of revenue based on the other's work efforts?
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Jul 21st, 2008, 11:07 PM
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#2 |
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Top Level Member
Last Online:
Nov 30th, 2008 01:12 PM Join Date: May 2007
Posts: 693
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Re: General Partnership Contract Question
That is valid if they both agreed to that.
The partner deciding has to act reasonably no matter what the contract says. |
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