With apologies to the King James Bible, what the Manhattan real estate market giveth, a poorly conceived partnership agreement taketh away. It’s the best explanation I can offer for three successive ...

If a written limited partnership agreement contains detailed provisions governing partner withdrawal and dissolution, can a court nonetheless look to the statutory “default rules” in the Revised ...

If a business partnership is not working out, one or more partners may be tempted to pull out of the business. However, under normal circumstances, one partner cannot legally end a partnership alone.

Liquidation is the process of settling all business liabilities and valuing and disposing of a business's assets. When your company is organized as a partnership, liquidation involves state law and ...

When you enter a business partnership, it’s easy to get swept up in the possibilities of your new venture and not think about what happens if things don’t work out. Even well-run partnerships can ...

In March, the New York State Court of Appeals issued a decision, in the non-law firm partnership context, which outlined some fundamentals of New York partnership law concerning dissolution, and ...

A Court of Appeal judgment confirming an earlier High Court decision creates a precedent allowing an order to be made that in certain partnership dissolution circumstances, one partner can buy out the ...