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0 tracked cards Business Associations

A three-person general partnership has no written agreement. One partner contributed most of the money, one contributed most of the labor, and one joined later but was admitted as an equal partner. They now disagree over who gets to vote on ordinary business decisions.
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Each partner generally has equal management rights absent an agreement to the contrary. Management rights belong only to the partner who formed the business first. A partner has no right to participate in management unless the partner contributed the most capital. Ordinary business decisions are made by creditors, not partners.

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