The cross-cultural partnership template is designed to help potential collaborators to reach understanding and agreement on the terms of their collaboration. In many contexts people look to the law to ...

Without a valid partnership agreement, state laws govern the rules for your business partnership's creation and operation. Each state, excluding Louisiana, employs some variation of the Uniform ...

A partnership agreement is a necessity if you're opening a business with another person. The agreement serves two purposes: it creates a legal document that provides for the rights and ...

PIP (partners' interests in the partnership) allocations are very commonly used in partnership agreements. 1 For this reason, Investors and managers should understand the basics of PIP allocations and ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Yarilet Perez is an experienced multimedia journalist and ...

Imagine you own 50% of your business. You started it 10 years ago but never formalized anything, and one of the partners has a health scare. This health scare potentially threatens your ...

Venom. Ill will. Backstabbing. Vindictiveness. Mistrust. Betrayal. These are some of the most negative aspects of human interaction. And they are present in nearly every manufacturing organization ...

Over the years, we have written in this column that law firm partners and law firms should have written partnership agreements, and that such agreements should address the firm's major life events.

Relationships are the lifeblood of every successful accounting firm. The relationships among the partners in a firm and with their clients are among a firm’s most valuable assets. So, when partners ...

Oral agreements – and oral modifications of written agreements – are a constant source of litigation in business divorce cases. Alleged oral agreements are subject to attack based upon legal ...