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Business Partnership Questions

Are Two Signatures Required to Validate Purchases or Operation Decisions in a Partnership?

In most circumstances, day-to-day operational matters do not require the signatures of both parties in a Partnership — unless such a two-signature clause is created specifically within the initial Partnership Agreement or as a condition within a specific vendor contract, in advance.

See complete details on Standard Legal’s Partnership Agreement legal forms software here.

Tags: Business Partnership Questions  ·  August 4th, 2009

Can an Individual Lease Property to a Partnership While Also a Member of that Partnership?

Yes, an individual can enter into a lease agreement with a Partnership and also be a member of that Partnership.  But be aware that one particular issue may arise and needs to be covered in one of the legal documents relevant to this set up. [ Read More… → ]

Tags: Business Partnership Questions · Lease Agreement Questions  ·  April 13th, 2009