In August 1998, Jea Yu contacted Cameron Eppler, president of Design88, Ltd.,to discuss developing a Web site

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In August 1998, Jea Yu contacted Cameron Eppler, president of Design88, Ltd.,to discuss developing a Web site that would cater to investors and provide services to its members for a fee. Yu and Patrick Connelly invited Eppler and Ha Tran, another member of Design88, to a meeting to discuss the site. The parties agreed that Design88 would perform certain Web design, implementation, and maintenance functions for 10 percent of the profits from the site, which would be called “The Underground Trader.” They signed a “Master Partnership Agreement,” which was later amended to include Power Uptik Productions, LLC (PUP).The parties often referred to themselves as partners. From Design88’s offices in Virginia, Design88 designed and hosted the site, solicited members through Internet and national print campaigns, processed member applications, provided technical support, monitored access to the site, and negotiated and formed business alliances on the site’s behalf. When relations among the parties soured, PUP withdrew. Design88 filed a suit against PUP and the others. Did a partnership exist among these parties? Explain.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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