Like married couples, business partners sometimes go through divorces. Whether there are allegations of minority oppression, embezzlement, fraud or simply the parties can no longer work together, as attorneys, we must quickly identify the pertinent legal issues at hand in order to guide our clients through this confusing and often complicated pro...
While it is always preferred to have a written agreement defining the type of partnership, the purpose of the partnership, the duties and obligations of the partners, distribution of partnership profits and other key terms, under New Jersey law the short answer is no. An agreement to create a partnership may be oral, written or implied by the c...
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