Questions about international ''offline marketing'' business agreements
I am interested in working with a very nice person who lives in another country. The thing is, I don't know this person very well. We definitely have complimentary resources and expertise, and I can see us doing great things together.
I'll be finding some opportunities, and she will be setting the deals up, managing the money and paying me a %. Very simple.
Here are my questions:
-If the agreement says we are partners, can I be responsible for losses or be held responsible for the consequences that arise out of her actions (e.g. she makes a mistake and gets sued or gets in trouble with the government for not running a tight ship)?
-If I re-write this agreement and remove the word ''partner,'' will our relationship still be considered a partnership in regards to the law? And how about if I write a simple memorandum of understanding? Would that change things?
-I want to protect my a** as much as possible. Will something like, ''Party 1 agrees to waive any right to trial or litigation against party 2'' enough to protect me? In any case, as I stated previously, she'll be doing the work and managing things. With that said, she wants me to share responsibility for ''losses.'' I don't like the sound of it, because it will either work or it won't. If she makes a mistake, I don't want to pay for it.
Thank you for your feedback.
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