Partner
Term · Law · MLC-T-LAW-003639
An individual who shares in the ownership and management of a business, assuming joint liability for its debts and obligations. Partners contribute capital, labor, or skill to the enterprise. Their relationship is governed by a partnership agreement and relevant state statutes, such as the Uniform Partnership Act.
| Identifier | MLC-T-LAW-003639 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003639",
"term": "Partner",
"field": "Law",
"definition": "An individual who shares in the ownership and management of a business, assuming joint liability for its debts and obligations. Partners contribute capital, labor, or skill to the enterprise. Their relationship is governed by a partnership agreement and relevant state statutes, such as the Uniform Partnership Act.",
"url": "https://mlchart.com/terminology/law/partner/"
}
Record 3,642 of 5,445 in Law terminology (MLC-0107). Request the full dataset.