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Simple English definitions for legal terms

special partnership

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A quick definition of special partnership:

A special partnership is when two or more people own and run a business together to make money. There are different types of partnerships, like a general partnership where everyone is equal, or a limited partnership where some people only invest money and don't manage the business. A partnership can also be formed for just one project or for a specific amount of time. If someone pretends to be part of a partnership, they can be held responsible for any debts the partnership owes.

A more thorough explanation:

A special partnership is a type of partnership where two or more individuals jointly own and operate a business for profit. Under the Uniform Partnership Act, a partnership is presumed to exist if the individuals agree to share the business's profits or losses. There are different types of partnerships, including:

  • Limited Partnership: A partnership composed of one or more individuals who control the business and are personally liable for the partnership's debts (called general partners), and one or more individuals who contribute capital and share profits but who cannot manage the business and are liable only for the amount of their contribution (called limited partners).
  • General Partnership: A partnership in which all partners participate fully in running the business and share equally in profits and losses.
  • Family Partnership: A business partnership in which the partners are related.
  • Nontrading Partnership: A partnership that does not buy and sell but instead is a partnership of employment or occupation.

For example, a limited partnership may be formed by a group of investors who want to invest their money in a business without taking an active part in managing the business. The general partners would be responsible for managing the business and would be personally liable for the partnership's debts, while the limited partners would only be liable for the amount of their contribution.

special partner | special permit

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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."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
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