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Home Legal Projects Washington Review Partnership Agreement in Washington for Construction Business (2021)

Review Partnership Agreement in Washington for Construction Business (2021)

How much does it cost to review a Partnership Agreement in Washington? Below are summary details about a user that needed to review a Partnership Agreement in Washington for Construction Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 1 bid to review the Partnership Agreement at a price of $500 on a flat fee. The data includes project specifications and Partnership Agreement pricing. To review more pricing data, visit Partnership Agreement pricing.
Service type
Review
Document type
Partnership Agreement
Location
Washington
Client type
Business
Client industry
Construction
Deadline
Less than a week
Pricing Range
$500 (Flat fee)
Number of Bids
1 bid
Pages
3 pages

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Forum Questions About Partnership Agreement

Partnership Agreement

Texas

Asked on Mar 3, 2021

How to ensure clarity in a partnership agreement?

I am looking to form a partnership with another individual. We are both going to be investing in the same business and want to ensure that our interests are well protected. We have drafted a partnership agreement but are not sure if it is clear enough. We want to make sure that there are no misunderstandings between us and that our interests are clearly defined. We need help to make sure that the partnership agreement is clear and unambiguous.

Darryl S.

Answered Mar 3, 2021

Having an attorney review the current draft will provide an objective perspective on any gaps or areas lacking clarity in your agreement. Investing a little more upfront will prevent issues later should disputes arise. Please let me know if you need any other specific suggestions on strengthening your partnership agreement.

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Partnership Agreement

New York

Asked on Mar 3, 2021

How is the partnership agreement enforced?

I am a co-owner of a small business with a partner. We recently created a partnership agreement to outline the roles and responsibilities of each partner. We have been in business for a few months now, but I am concerned that the agreement is not being consistently enforced. I am seeking legal advice on how to ensure that the partnership agreement is being adhered to.

Damien B.

Answered Mar 3, 2021

Hello! I understand you want to know how to enforce a partnership agreement. When a signatory/party to a partnership agreement violates any of the terms and conditions contained within the agreement, the other signatory or signatories to the agreement could allege breach of contract, including breaching the covenant to act in good faith. Generally also, court have found that there is a fiduciary relationship among partners. So, another potential claim could be a breach of fiduciary duty. Generally, prior to filing of any lawsuit, courts want to see that there was a good faith effort to resolves issues prior to the filing of a lawsuit. So, if there is a way to resolve the issue without the need for litigation that could save time and money.

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