Re: Investing partner. Good idea? - Posted by Gerald-DC
Posted by Gerald-DC on January 26, 2002 at 12:47:29:
A joint venture is also an arrangement you might want to consider. Essentially, the joint venture is a partnership agreement limited to one specific transaction.
I only enter into joint venture agreements b/c if you form a partnership, you have so many more liability issues b/c you could be held responsible for all acts of negligence or fraud or what have you committed by your partner(s) in dealings that you were not part of or even knew about.
Also, with a joint venture, you can specify with clarity the roles and responsibilites of all the parties invloved.
Try Bronchick’s site legalwiz.com to see if he has a joint venture agreement handy.