Question

Exilware designs software, which it frequently sells to Avertron, the maker of hardware systems. Exilware is in New Hampshire, and Avertron is in Arizona. Because the companies often conduct business via the Internet, they have formed a partnering agreement. When a dispute arises over a delivery date, the court will probably:
a. disregard the terms of their partnering agreement.
b. look to the terms of the partnering agreement to determine the parties' intent.
c. consider the partnering agreement only if its terms are in strict compliance with the Uniform Electronic Transactions Act (UETA).
d. consider only those portions of the partnering agreement that are fair to both parties.

Answer 1

When a dispute arises over a delivery date, the court will probably: b. look to the terms of the partnering agreement to determine the parties' intent.

Explanation:

A partnership agreement is a legal document or a contract signed between the partners of the business. This partnership agreement holds the terms and conditions involved in the business between the partners. The terms and conditions often represent the percentages of ownership and distribution of profits and losses. The power and responsibility of each partner will be clearly mentioned in the agreement.

If one of the partners deviates or not follows the agreement, the other one gets the right to file a case against his partner in business. In such cases the court will look into the contract signed between the business people to solve the dispute.