when a new partner is admitted to a pre existing partnership, the new partner has:
Answer
Whatever the partnership agreement dictates.
If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Answer
It looks like you stopped in mid-sentence. What is your question?
Answer
As a Franchise Attorney I can say the following. The new partner has all the rights and duties as specified in the partnership agreement. Typically, before a new partner is admitted, the consent of the other partners is required. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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