Business
Joint Venture Partnership Agreement
Washington
Who pays expenses in a joint venture?
I am currently exploring the possibility of forming a joint venture with another company to pursue a business opportunity. However, I am unclear on how expenses related to the joint venture will be paid and whether each company is responsible for their own expenses or if they will be shared. Therefore, I would like to seek the advice of a lawyer to better understand the financial implications of a joint venture and ensure that my interests are protected.
Answers from 1 Lawyer
Answer
Business
Washington
Jane C.
ContractsCounsel verified
It depends on the language in the joint venture agreement.
People Also Asked
Business
LLC
Washington
LLC legal requirements?
I am interested in starting a business and I am considering setting it up as a limited liability company (LLC). I want to make sure that I understand all of the legal requirements that come with setting up and operating an LLC. I want to make sure that I remain compliant with all of the applicable laws and regulations so that I can protect myself and my business.
Joon H.
Hi there, Generally speaking, "limited liability" of LLC means that no member will be personally liable for the LLC's obligations in excess of the amount that he or she contributed, or is otherwise obligated to contribute, to the LLC. In order to enjoy this liability protection, you want to make sure that you respect the boundaries and formalities of your business by: 1. Keeping your business capitalized enough to carry out its normal business functions and meet its reasonably anticipated obligations; 2. Keeping your business assets separate from your personal assets (like not using company truck to run personal errands); 3. Having separate bank accounts; 4. and following corporate formalities like keeping records of meetings, documenting important business actions, and having an operating agreement.
Read 1 attorney answer>Business
Terms of Service
Washington
Can I change terms of service without notification?
I am a small business owner who recently created a Terms of Service agreement for my customers. I am considering making changes to the agreement, but I am not sure if I am required to provide a notification to my customers beforehand. I am looking for advice on the best way to handle this situation.
Merry K.
No -not if you want to be able to enforce the changed language.
Read 1 attorney answer>Business
Terms of Service
Washington
Do beta testers need a special terms of service?
I am currently developing a software product and I am looking to have beta testers test out the product. I want to ensure that I have all the necessary legal documents and agreements in place before I allow any beta testers to access the product. I am wondering if beta testers need a special terms of service that is different from the standard terms of service agreement that would be given to customers when they purchase the product.
Merry K.
In both instances, you should incorporate some type of non-disclosure agreement. For beta testers, you need to address whether you are paying the beta testers in any way, shape, or form, such as a discount for the final software.
Read 1 attorney answer>Business
Consulting Agreement
Florida
Who reviews consulting agreements?
Who can I get to review a 5 page CONSULTING AGREEMENT that a potential client has sent me? I am an independent consultant, specializing in website design and online marketing. A prospective client has sent me a 'fully loaded' CONSULTING AGREEMENT. The contract is more detailed than I have dealt with before, so I feel need legal support to review it and protect my interests.
Jane C.
You can submit the project on Contracts Counsel for lawyers to bid on.
Read 1 attorney answer>Business
Contractual Agreement
Florida
Hi there. My boss has me as a 1099 employee. Is she legally allowed to give us a contract that I have to sign?
I am a hairstylist. I pay my own taxes every year as a self employed person. Yet my boss sets rules and takes 50% of my commission. I have no idea if any of what she’s doing is legal.
Kristen R.
I would need a lot more info to answer this question.. is she directing how you do your job? Is there a contractor agreement in place? Just having you sign a contract is not illegal, however.
Read 1 attorney answer>