Describe how long the partnership will last

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Reference no: EM133788137

Assignment: Legal Study

You and your partner(s) have decided to run an eBay store reselling a product of your choosing (ex. athletic shoes). Create a name for your store and draw up a partnership agreement for you and your partner(s). This is a mock legal document so all concepts should be written with complete sentences.

Accurate Listing of Individuals Involved

1) Includes specific date, names, & addresses of the partners.

Nature of Business

1) Includes elaborate description of the basic purpose of the business.

Name of Business

Day-to-Day Operations

1) Includes elaborate description of the day-to-day operations.

2) Elect a partner to be in charge of day-to-day operations and describe the roles of each partner (how will each person contribute to the business?)

Capital Contribution

1) Break down the financial contribution of each partner.

Profits & Loses

1) Describe how profits & losses are to be divided across the partners.

Term

1) Describe how long the partnership will last.

Withdrawal

1) Provide legal language to support if/when a partner should retire.

Non-Compete Agreement

1) Make sure no partner conspires to compete against the business.

Signature Lines

1) Provide an area for partners to sign & date the agreement.

All of the content should be professional, appropriate , grammatically correct, and include complete sentences.

You may look up sample partnership agreements or use AI to help you, BUT... do not copy word-for-word! You must cite any sources used. As with any legal document, you are expected to understand every part of it.

Reference no: EM133788137

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