Business Law Graded Project - 942 Words

AGREEMENT OF The Can Do Partnership This Partnership Agreement is made on May 26, 2010 between Tim Couch and Bert Parker. 1. Name and Business. The parties hereby form a partnership under the name of The Can Do Partnership to produce 50-50 partners, giving equal say and ownership of a racehorse named Can Do. All decisions must be unanimous. 2. Term. The partnership shall be a 5-year term. 3. Purpose and Powers. 3.1 Purpose. The Partnership’s purpose shall be to: give equal say and ownership. 3.2 Powers. The Partnership shall have the following powers: 1) to conduct and operate the Partnership business; 2) to execute necessary business documents including notes, leases, service contracts, etc; 3) to open bank†¦show more content†¦6.4 Purchase of Defaulting Partner’s Interest. If a Partner defaults as defined in Paragraph 7 below, the non-defaulting Partner may purchase the defaulting Partner’s interest in the Partnership. 7. Default. 7.1 Default Events. A Partner shall be in defa ult if: (a) the Partner makes an assignment for the benefit of creditors, starts or is forced into bankruptcy, reorganization or insolvency proceedings; (b) the Partner’s Partnership interest is subject to attachment or seizure; and (c) the Partner fails to contribute capital when required or commits any other material breach of this agreement and fails to cure the breach after 60 days written notice. 7.2 Default Payment Terms. Price paid will be fair market value as determined by MAI appraiser. All other purchase terms will be as described in the paragraph’s on Deadlock Buy-Sell above. 8. Termination. Even if the term of the Partnership has not expired, the Partnership may terminate by: (a) Unanimous agreement of the Partners; or (b) If Can Do becomes significantly incapacited; or (c) Election of a Partner when another Partner has breached this agreement. 9. Dispute Resolution. In the event of a dispute arising between the Partners, the president of the Last Lap Racin g Association will act as arbitrator. If the president of Last Lap is unwilling orShow MoreRelatedEssay on Final Project2965 Words   |  12 PagesSocial Networking Graded Assignments: Project Project Project Title Transforming to an E-Business Model Purpose This project provides you an opportunity to assume a specific role in a business situation. You then apply the competencies gained in this course to develop a solution for a business problem related to an organization’s transformation to an e-business model. Learning Objectives and Outcomes You will be able to: Gain an overall understanding of an e-business transformation capitalizingRead MoreProposal for the Relocation of an Office919 Words   |  4 PagesRFP Request 1. Introduction 3 1.1 Purpose of Solicitation 3 1.2 Proposed Form of Contract 3 2. Description of Work 3 2.1 Statement of Work 3 3. 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