Assertion: partnership's partner | /r/HasProperty | responsible
Facets:
value: legally
type: MANNER
value: personally
type: MANNER
value: for their own conduct
type: OTHER
value: equally
type: DEGREE
value: for legal matters
type: OTHER
Source sentences:
text: Some partners, for example, may be responsible just for legal matters while others focus in gaining and maintaining clients.
text: Simply, each partner is his brother's proverbial keeper and will be responsible both legally and financially for the actions of the other partners in the general course of business.
text: If an employee or customer is injured and decides to sue, or if the business runs up excessive debts, then the partners are personally responsible and in danger of losing all that they own.
text: If an employee or customer is injured and decides to sue, or if the business runs up excessive debts, then the partners are personally responsible and in danger of losing all that they own.
text: That means that each partner is equally responsible if the business falls apart and creditors can take possession of their assets (like their homes and cars) to cover any unpaid debts.
text: Joint and several liability means that general partners are legally responsible not only for their own conduct, but for the business acts of the other general partners in the limited partnership.