MY BUSINESS PARTNER IS AN ATTORNEY AND WHEN WE ENTERED INTO THIS PARTNERSHIP I HAD NO LEGAL REPRESENTATION. IS THIS A CONFLICT OF INTEREST?

IS THIS LEGAL AND WHAT STEPS DO I TAKE TO GET OUT OF THIS?

Asked on June 30, 2009 under Business Law, Texas

Answers:

B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

I think that the first thing you need to do is to take whatever agreements the two of you signed to an attorney of your own, and let him or her review them, along with whatever the facts are that make you want out of the deal.  One place to find a qualified lawyer is our website, http://attorneypages.com

Whether or not it's a conflict of interest, or something else that's ethically questionable, depends on a lot of things;  ordinarily, there could only be conflict of interest, strictly speaking, if your partner gave you legal advice about the partnership agreement itself.  But that's not the only potential issue here.


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