I. What is a Partnership Agreement dispute?
When co-operating in investment and business activities, individuals, organizations can choose the way to co-operate without setting up a new legal entity. Because of not setting up a legal entity, co-operation individuals, organizations can arise dispute in the process of signing, performing Partnership Agreement.
II. What types of disputes often arise in a Partnership Agreement?
In the field of co-operation, individuals and organizations are all aiming for profit. When the parties comply with the Partnership Agreement and make a profit but the party directly receiving the profit does not share the profit corresponding to the capital that other individuals or organizations have spent, a dispute will arise between the party directly receiving the profit and the remaining investors in the Contract. Therefore, the dispute related to the commitment of profit sharing and paying in the Partnership Agreement is the most common dispute.
In addition, disputes can arise in the process of signing and performing a Partnership Agreement, which includes:
- Disputes of the parties’ responsibility, obligation according to Partnership Agreement;
- Disputes related to one party’s desire to terminate the Contract or recover investment capital;
- Other disputes.
III. Who are TNTP’s Clients in Partnership Agreement disputes?
TNTP’s Clients in Partnership Agreement disputes are the parties who have signed Partnership Agreement. Whereby, Clients can be individuals or organizations, enterprises.
IV. What do Clients need to prepare before working with TNTP?
With Partnership Agreement disputes, before working, discussing with TNTP, Clients need to prepare information, documents of the case such as:
- Partnership Agreement;
- Information, documents of the project/asset that the parties have together cooperated in investment and business;
- Documents on capital contribution;
- Documents on sharing and paying profit such as bank statements, minutes of money delivery and receipt; …
- Other related documents (if any).
V. How does TNTP receive and process information?
When Clients contact TNTP, TNTP’s Lawyers will receive and process information as follows:
- Step 1: Based on the information, documents provided by Clients as well as discussions with Clients, Lawyers of TNTP will research the case and give some initial consultation.
- Step 2: Then, TNTP will send a Quotation attached to a detailed implementation plan to Clients so that Clients can consider signing Legal Service Agreement with TNTP.
- Step 3: In case Clients agree with the Quotation, TNTP will send a Legal Service Agreement to Clients. The Parties will sign Agreement and Clients will pay legal services fee to TNTP (if any).
Kindly be noted that the legal service fees of TNTP are exclusive of Value Added Tax, court fees, arbitration fees, fees according to state regulations, travel expenses for lawyers, translation, photocopying, notarization, and authentication fees, long-distance telephone, postage charges, and other reasonably incurred expenses. In case the above-mentioned expenses are incurred, TNTP will propose opinions to Clients and TNTP will only perform the work if Clients agree to pay reasonably incurred expenses.
After signing the Agreement and receiving service fees (in case there is a fixed service fee), TNTP will perform works according to the Quotation and the implementation Plan that Clients has agreed.
VI. TNTP’s commitment to legal service
With the attitude of protecting the legal rights and interests of the Client, TNTP has been and will try to bring Clients trust and comfort when using TNTP’s legal services.
Throughout the process of providing legal services, TNTP commits to support Clients and perform the work in the fastest, most timely and effective way, regularly report the progress of the case as well as give the next plan so that Clients can easily monitor and evaluate the work results.