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LSDefine

Simple English definitions for legal terms

implied partnership

Read a random definition: consumer price index

A quick definition of implied partnership:

An implied partnership is when two or more people work together to make money, but they never officially agreed to be partners. This can happen when they act like partners and other people believe they are partners. If someone relies on this belief and gives the partnership credit, the people involved can be held responsible for paying back the credit.

A more thorough explanation:

An implied partnership is a type of partnership that is created by law when one or more individuals represent themselves as partners to a third party who relies on that representation. This type of partnership is also known as a partnership by estoppel.

For example, if two individuals operate a business together and one of them introduces the other as a partner to a customer, the customer may assume that they are both partners. If the customer extends credit to the business based on this assumption, the individual who was introduced as a partner may be held liable for the debt, even if they were not actually a partner.

Another example of an implied partnership is when a group of individuals work together on a project and share the profits. Even if they did not formally agree to create a partnership, their actions may be interpreted as creating an implied partnership.

implied obligation | implied permission

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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