Partnership Agreements means, collectively, all of the Partnership Agreements. Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the...
Partnership has the meaning set forth in the preamble of this Agreement. Stock Election shall have the meaning set forth in Section 3.2.2. General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest. Section 385 Controlled Partnership ...
It is referred to the assiciation of two or more persons, also known as partners, with common interest to perform a business with a motive to make profit. Each partners invest time and money into the business and have individual responsibilities as decided in the a partnership deed created at...
partnership (ˈpɑːtnəʃɪp) n 1. (Law) a. a contractual relationship between two or more persons carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits b. the deed creating such a relationship ...
good deed→ buena acción f 2. (Jur)→ escritura fdeed of covenant documento contractual mediante el que una persona se compromete a donar cantidades regulares de dinero a una entidad benéficadeed of partnership→ contrato m de sociedaddeed of transfer→ escritura f de traspaso B. VT (US)...
Special Warranty Deed Financial Acronyms A written instrument that conveys real property in which the grantor (original owner) only covenants to warrant and defend the title against claims and demands by him or her and all persons claiming by, through, and under him or her. ...
An instrument transferring title to real property to a mortgage lender without the necessity of going through the foreclosure process. Called the deed in lieu (pronounced “loo”) for short, the procedure is attractive to lenders because of the speed, lack of any defenses, and removal of anxiet...
3. In cases of partnership it is a rule that the act or declaration of either partner, in furtherance of the common object of the association, is the act of all. 1 Pet. R. 371 5 B. & Ald. 267. 4. And the acts. of an agent, in pursuance of his authority, will be binding on...
relationship. Any person, corporation, partnership, or government agency can act as a principal or agent as long as the person or business has the legal capacity to do so. Under a principal/agent duty, an agent is legally appointed to act on behalf of the principal without conflict of ...
Any individual person, corporation, partnership, or government agency can act as a principal or agent as long as the person or business has the legal capacity to do so. Under a principal/agent duty, an agent is legally appointed to act on behalf of the principal without conflict of interest...