This office lease provision refers to a tenant that is a partnership or if the tenant's interest in the lease shall be assigned to a partnership. Any such partnership, professional corporation and such persons will be held by this provision of the lease.
Washington Standard Provision to Limit Changes in a Partnership Entity
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How to fill out Standard Provision To Limit Changes In A Partnership Entity?
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FAQ
The Partnership Act 1890 states that each partner is entitled to share the profits of the business equally, regardless of the amount contributed. Each partner is jointly and severally liable for losses suffered by the business and can each be sued by a debtor.
The Uniform Limited Partnership Act adopted by the State of Washington in 2009 (the ?Act?) applies to all limited partnerships, whenever formed, whether or not they so elect. It is automatic. This means the Act will affect you if you are part of or if you are planning to form a Washington limited partnership.
The partnership consists of two people of either the same or opposite gender. Some state laws and employer-provided health plans also use the word ?spousal equivalent? to describe a relationship that can provide the same emotional, physical and financial commitment that legally sanctioned marriage provides.
Under the new law, same-sex couples over the age of 18 and heterosexual couples in which one partner is over the age of 62 qualify for a domestic partnership. Eligible couples must also share a common residence. They cannot be closely related, married, or in a domestic partnership with another person.
The Washington State Domestic Partnership Registration program, authorized by RCW 26.60, provides access to certain rights and benefits, such as those associated with hospital visitation, health care decision-making, organ donation decisions, and other issues related to illness, incapacity, death, and in some cases ...
Section 44: Dissolution by the Court. (g) on any ground which renders it just and equitable that the firm should be dissolved.
By default, Washington law treats partnerships as ?general partnerships.? This means that each partner is individually and equally liable for any debts incurred by the business. Each partner is also presumed to have an equal say in the management of the business, unless the partners determine otherwise.
Section43 DISSOLUTION BY NOTICE OF PARTNERSHIP AT WILL. (1) Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to dissolve the firm.
