Is the payment of capital contributions in a partnership agreement considered an essential condition for the enforceability of the contract and the establishment of the partnership, or is it a subsequent obligation that does not affect its formation?
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The payment of capital contributions in a partnership agreement is considered an essential obligation, and it may be a condition for the enforceability of the contract and the establishment of the partnership if the agreement so stipulates or if the nature of the contract requires it. The burden of proving...
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