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LSDefine

Simple English definitions for legal terms

name partner

Read a random definition: confidentiality statute

A quick definition of name partner:

A name partner is a person whose name appears in the name of a partnership. They are one of the owners of the business and share in the profits and risks. There are different types of partners, such as general partners who are involved in the daily operations of the business and are personally responsible for the partnership's debts, and limited partners who only receive profits and are not involved in managing the business. A silent partner is a type of partner who shares in the profits but does not have an active role in managing the business. A name partner is important because their name is associated with the partnership and can help attract clients or investors.

A more thorough explanation:

A name partner is a type of partner in a business who has their name included in the name of the partnership. They are also known as a named partner or title member. This partner is usually a senior member of the business and has a significant role in the management of the company.

For example, Mr. Tibbs is a name partner in the accounting firm of Gibbs & Tibbs. This means that Mr. Tibbs is a senior member of the accounting firm and has a significant role in the management of the company.

The example illustrates that a name partner is a senior member of the business who has their name included in the name of the partnership. They have a significant role in the management of the company and are usually responsible for making important decisions.

namely | namium

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11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
LSD+ is ad-free, with DMs, discounts, case briefs & more.