Under New York law, business partners are granted specific property rights that afford significant value when faced with a “partnership dispute.”
Pursuant to Article 5 Section 50 of the New York Partnership Law individual partners possesses property and legal rights to:
Contracts and agreements benefiting the partnership;
The right to manage partnership activities;
Funds belonging to the Partnership.
A violation of your partnership property rights is grounds for legal relief. When faced with a partnership dispute it is critical to understand and assess these property rights.
For additional information about New York’s partnership laws and your rights as a partner, contact Charles N. Internicola, Esq. at 1-800-976-4904.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
