Georgia Clauses Relating to Venture Ownership Interests

State:
Multi-State
Control #:
US-P0606-1BAM
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Word; 
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This sample form, containing Clauses Relating to Venture Ownership Interests document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
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FAQ

Consensual dating between adults and minors is not a valid defense for statutory rape in Georgia. Regardless of a consensual relationship, sexual intercourse with a person under the age of 16 in Georgia is statutory rape (unless the parties are married).

A contract is, in general, interpreted as a whole. This means that the definition of one word or term in one part of the contract will apply to the rest of the contract unless otherwise specified. Generally, the court will only use the contract itself when interpreting a disputed term and not external evidence.

(a) A limited liability company may elect to become a foreign limited liability company, a foreign limited partnership, or a foreign corporation, if such a conversion is permitted by the law of the state or jurisdiction under whose law the resulting entity would be formed.

The cardinal rule of contract interpretation is that courts will attempt to give effect to the parties' intention at the time they entered the contract. O.C.G.A. § 13-2-3.

Unless the contract is shown to be using specific technical language, it will be interpreted using ordinary meaning. Courts will often utilize the four corners rule, which means that the interpretation will only come from what is contained in the contract unless the language is ambiguous.

II. Literalism. Literalism holds that contracts should be interpreted only on the basis of the words used in a contract, without regard to the context in which those words were used, special-community usages, usages of trade, the course of dealing between the contracting parties, or the course of performance.

Two or more business entities or individuals may enter into an agreement to conduct a specified project. This type of relationship is referred to as a joint venture. It is intended to relate to one business opportunity or a project of limited duration.

CONTRACT INTERPRETATION ????? The Plain Meaning Rule: When a contract is clear and unequivocal, a court will enforce it ing to its plain terms, set forth on the face of the instrument, and there is no need for the court either to consider extrinsic evidence or to interpret the language of the contract.

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Georgia Clauses Relating to Venture Ownership Interests