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Analysis of a Partnership Agreement's Enforceability
Two entrepreneurs, Alex and Ben, are forming a partnership to launch a new mobile app. Their draft agreement includes the following clauses:
- Alex will contribute $50,000 in initial seed funding, to be deposited into the company's bank account by March 1st.
- Ben will dedicate 'his best efforts and full creative energy' to developing the app's user interface.
- Profits will be split 60/40 in favor of the partner who generates more 'positive buzz' on social media for the app in the first six months.
Analyze each of these three clauses in terms of the verifiability of the information required to enforce them. Explain why a court would likely find some clauses enforceable and others unenforceable.
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Economics
Economy
Introduction to Microeconomics Course
CORE Econ
Social Science
Empirical Science
Science
Analysis in Bloom's Taxonomy
Cognitive Psychology
Psychology
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