1. Why would a partnership agreement contain one provision for a buy-out on a partner's divorce or...

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1. Why would a partnership agreement contain one provision for a buy-out on a partner's divorce or death and another for a partner's decision to quit the firm?
2. How did the court's interpretation of contract principles affect the result in this case?
3. The lower court awarded attorney's fees to the defendants, who prevailed on their motion for summary judgment. By reversing the summary judgment, does the appellate court's decision also require a reversal of the award of attorney's fees?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Business Law Text and Cases

ISBN: 978-1337374491

14th edition

Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross

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