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Simple English definitions for legal terms

partnership agreement

Read a random definition: culpable homicide

A quick definition of partnership agreement:

A partnership agreement is a special paper that tells partners what they should do and what they can expect from each other. It's like a promise that they make to each other. This paper doesn't talk about how they should treat other people outside of their partnership. Another name for it is articles of partnership.

A more thorough explanation:

A partnership agreement is a legal contract that outlines the rights and responsibilities of partners towards each other. It does not cover the relationship between the partners and third parties. It is also known as articles of partnership.

For example, if two people decide to start a business together, they may create a partnership agreement that outlines how profits and losses will be shared, how decisions will be made, and what happens if one partner wants to leave the partnership.

Another example could be two doctors who decide to open a medical practice together. They may create a partnership agreement that outlines how they will share expenses, how they will divide patient care responsibilities, and how they will make decisions about the practice.

These examples illustrate how a partnership agreement can help partners clarify their roles and responsibilities, avoid misunderstandings, and protect their interests.

partition in kind | partnership association

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ParallelAgreeableOrangutan
10:42
Don't hate me but I start law school in the fall and I'm realizing I would happily do the LSAT for three years instead
NosyBeagle
10:43
what school
ParallelAgreeableOrangutan
10:43
HLS lol which is why I'm so nervous I think
Any idea when Spivey will actually make selections? The deadline is June 29th to apply, so I'm betting they won't make any decisions before that point. Will they email you if you've been rejected or only if they accept you?
ParallelAgreeableOrangutan
10:44
I bet RFelixFinch will tell you how long it too him to find out if you comment on his reddit post
NosyBeagle
10:45
u gotta lock in bro
ParallelAgreeableOrangutan
10:48
I've been out of school for a long time and I'm scared I won't remember how to be a student, or that I'm too used to sleeping full 8-hour nights
NosyBeagle
10:53
I recommend finding students like you for support. There's bound to be a few.
ParallelAgreeableOrangutan
11:05
I'm hoping so, especially with such a large 1L class
I've never been a study group guy in my whole life. Seems like that's the default in law school, though. Idk it's more than a year away for me so I shouldn't even be thinking about this sort of minutia, but like I wonder if study groups are actually tangibly helpful in law school? I bet that majorly depends on who is in your study group, but then they form at the beginning of the year before anybody knows eachother, and momentum just keeps them going even if they aren't great
Nah, the cliques start forming at asd
First round draft picks
Then later ones are lower draft picks
So everyone gets kinda the same peer group in relation to academic ability
Wont be much or any bottom feeders leeching off smart study master/unofficial tutor
Bettercaulsaul
11:18
I haven’t been much of a group study person either in my educational career. If you’re living on campus it won’t be too bad ; I think it mainly becomes an issue for those who live off campus or commute far
AngryMiniCar
11:39
Bro bad news. No lunch no pasta... someone took all 5 containers of left over pasta from the firm lunch yesterday
AngryMiniCar
11:39
I'm irrationally mad :')
@PremiumFrequentCrane: The unofficial tutor is exactly why I've never been a study group guy lol. That is always how it went any time I would attempt it
NosyBeagle
11:51
rip to the epic pasta lunch
NosyBeagle
11:53
i am also irrationally mad because I second guessed myself on an answer and beefed it
NosyBeagle
11:53
me from 5 mins ago was cooking idk what happened
AngryMiniCar
11:58
Not in the mood to study anymore. @Nosybeagle tell me to suck it up and go do RC passages
11:59
@AngryMiniCar: Whos gonna carry the boats?
AngryMiniCar
11:59
What boats
AngryMiniCar
12:00
Is this a r/woosh moment for me
NosyBeagle
12:00
@AngryMiniCar: I'm never in the mood. I hate this f'ing test but we r doing this for us and for the future people were going to help with our lawyer chops so get to it!
12:01
@AngryMiniCar: its a david goggins thing
AngryMiniCar
12:01
OHHH LMAOO
12:08
ho I feel like David goggins
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