Some months ago we formed a partner ship. we did not have anything in righting we did not sign anything in the partner ship. we are going to split it up. i was the invester and i have 51% of the LLC. my partner has no money invested in the Bus. I was paying him around !000. a month. my budget has run out and we were not able to get our idea to get going. it is a video game and there is some art work that i had done by a video production Co. i made the contract with the Co. my question is since i pade for the work and i am on the contract not him. Who does the art work and related material belong to??. John S.
Country relating to Question: United States
I have talked with my partner and told him i am out of money and will be desolving our partner ship.
Thank you for your question.I am assuming from your description that the contract was signed in your individual capacity and not through the LLC. Because you contracted with the company individually (and not through the partnership) and paid for the artwork, it belongs to you. If your partner tries to make a claim to the artwork, he would have to assert that you had an agreement regarding ownership of that asset, which would be difficult to do absent a written agreement. You can simply testify that you did not have any agreement, if that is the case, and that you bought the asset in your individual capacity. For those reasons, it would be quite difficult for your partner to make a claim to that asset.
I do my best to answer the question you have posted. I am not compensated for my time in answering your question unless you rate my service well. In rating, please bear in mind that I cannot control what the law is and whether it helps you. I can only tell you what the law says, and I assume that you want truthful information. I would be happy to answer any follow-up questions or provide clarification via the “Reply to Expert” tab on the following screen. Thank you.
General practice experience in many areas of law
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).