SERVICE PARTNER CAPITAL AGREEMENTS: THE LEADING CASES AND A RESPONSE TO CRITICSService Partner Capital Agreement • May 5th, 2020
Two persons form a partnership. One, the "money partner," agrees to provide money for the venture, the other, service. Business begins, proceeds for a time, and then ends. There is a loss, overall. Creditors are paid, but there are no profits, and less cash at the end than at the beginning. The service partner's time has been wasted. The money partner has made a bad investment.
