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we’ve actually got one going on now in
florida
where these three great friends formed a
partnership had a written partnership
agreement
it involved royalties from a patent and
the managing partner
was getting the money in every single
month for about 15 years distributed it
every single month to his partners for
15 years and writing royalty split on
the checks
he passes away
his daughters say
what partnership
this was
my dad’s pet
and they’ve hired you know two giant law
firms who spent two or three years and
millions of dollars in fees
trying to prove
that there wasn’t a partnership when
there clearly was one
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Austin, TX commercial litigation attorney John W. Thomas shares the story of a memorable partnership dispute he handled. He shares that he is currently handling a case in Florida involving three close friends who had formed a partnership years ago. They had a written partnership agreement tied to royalties from a patent. For about fifteen years, the managing partner had received the royalty payments every month and distributed them to his partners, even writing “royalty split” on each check.
When the managing partner passed away, his daughters suddenly claimed there had never been a partnership—that the patent had belonged solely to their father. They hired two major law firms and spent years, along with millions of dollars in legal fees, trying to prove that no partnership existed, despite the clear evidence that one did.
