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LSDefine

Simple English definitions for legal terms

partner

Read a random definition: ICWA

A quick definition of partner:

Partner: A partner is someone who owns a part of a business with at least one other person. They share the profits and are involved in running the business. There are two types of partners: active and silent. An active partner helps run the business every day and takes more risks. A silent partner only gives money to the business and is not involved in running it.

A more thorough explanation:

A partner is someone who co-owns or invests in a business with at least one other person. They share the profits and are involved in the operations of the business. Partners can enter into contracts on behalf of the business.

An active partner is someone who invests in the business and participates in the day-to-day activities. They take on more risk and reward than a silent partner. An example of an active partner is a member of a board of directors who also works in the company.

A silent partner is someone who invests in the business but is not involved in the day-to-day activities. They are also known as a limited partner. They may attend management meetings but do not participate in them. An example of a silent partner is someone who gives money to a friend to start a business but does not want to be involved in running it.

Both active and silent partners are important for a business to succeed. Active partners bring their skills and knowledge to the business, while silent partners provide financial support. Together, they can make a successful partnership.

partition | Partnership

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i mean from what i can gather from your profile your softs are insane and of course your stats are good as well. i dont know a lot about admissions but maybe like boston, uga, and washu could be good safeties?
0:20
Couldn’t give u an informed answer but common sense says big state schools or near DC
0:20
thank you guys. what are good big state schools - u mean CA NY etc?
windyMagician
0:21
sometimes i just wanna say fuck it and go to Nebraska. I didn’t even apply
0:21
Home of the Buffet :)
Dkk
0:23
@llama: the advisor to honey works at UCLA and wrote me a letter of rec. It's not a good time for me lol.
is georgetown known to yield protect?
windyMagician
0:23
no.
0:25
15/15 dk- news should be delayed some for verification of the state of affairs, I bet u will be good this cycle ;) (also, not ur monkey, not ur circus). @chow like UGA. UofFL UHuston etc idk tho not really knowledgeable on it
Dkk
0:26
@llama: indeed, indeed
0:27
should i prioritize sending in my T14 apps first and then targets/safeties, or mix em all together? 15/15. and thank you guys i just wanna know if youd apply to like 30 law schools all over or just keep it simple w targets and safeties.
Dkk
0:27
@ChowieBean: if I were you I would go all T14s and then like Vanderbilt, BU, whatever.
yea i agree i think you are competitive for all T14s
Dkk
0:28
I am watching legally blonde for the first time right now so bye bye good luck!
0:28
Yea get the t14 in pronto, then shotgun some off after . See ya Dkk
Dkk
0:28
Ill unprivate my profile for christmas if you want to see what I did @chowie
Dkk
0:29
Good luck!
windyMagician
0:31
goated school list dk
Dkk
0:35
@windyMagician: ty ty, hopefully I get just one of them unlike last year
windyMagician
0:37
you will get into Michigan so that we can be lawyers club neighbors
windyMagician
0:39
not to sound ungrateful but getting into my top choice early feels like the main quest is time locked and I have to do side quests to pass the time before I can advance the main story
0:40
do yall know if the law school grants based on percentile are annual or one-time
Dkk
0:43
@windyMagician: I like that! ty!
Dkk
0:43
@ChowieBean: can be both but on this website you are supposed to enter annual.
0:50
Proud of u windy, big W. Chow, r u talking about the new 509s where it separates grants from scholarships? Not sure on that, but school’s offer usually state it per year, and on here / other sites, it is usually total (all 3yrs) if that helps
0:51
Dk do u want to stay west coast for school/ post grad?
Dkk
0:55
@llama: nah I really do not care where I go. I just want to study and practice law.
0:56
@Dkk: fuckin word, I feel that
windyMagician
1:05
the gym side quest
2:19
is it too late to apply to duke
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