Dallas business attorney Mark Nacol says “Before signing a contract, read through it carefully. Have an attorney review the contract. Make certain that you know what obligations are stated and/or implied. If you are uncertain as to your duties and you sign the contract, you may be liable for a future unintentional breach of the contract”.
General partnerships are common when two aspiring entrepreneurs orally decide to start a business and proceed without proper guidance from a lawyer. Read more on the blog by Dallas business attorney, Julian Nacol, of the Nacol Law Firm PC.