Edison Advisory Group

It’s a common belief that “if it’s not in writing, it doesn’t count.” But under the law, verbal agreements can still be valid. Swipe to learn more.

Avoid the uncertainty. Call us to formalize your business agreements and protect your interests from the start.

Life moves fast—and so should your estate plan. Whether you're celebrating a major life milestone like marriage or retirement, reacting to new legislation, or even navigating the ever-evolving digital world, your estate plan needs to keep up.

Our team will help you review, revise, and future-proof your estate plan so it reflects your current wishes, family dynamics, and assets. From setting up or updating wills and trusts to planning for incapacity or guardianship, we make the process clear, comfortable, and efficient.

Your legacy deserves more than a one-time plan. Don’t let time or change catch you off guard. Stay protected, prepared, and empowered.

Explore our estate planning services at: https://lexmedica.net/estate-planning/

If you are running a business with a partner, having a formal partnership agreement in place is one of the most important steps you can take to protect yourself and your business.

So today, we wanted to share a few key legal benefits of having one:

✔ A partnership agreement can provide a legal framework that protects the interests of all partners. Without one, certain aspects of your business could be dictated by state laws, which may be at odds with the best interests of some partners.

✔ Additionally, these documents can clearly outline each partner's roles, responsibilities, and authority before the business launches, setting clear expectations that help prevent conflicts before they arise.

✔ An agreement can specify the percentage of ownership stake and define how profits and losses will be shared among partners, ensuring that every member knows what to expect in terms of financial returns or obligations.

✔ The agreement can include mechanisms for resolving disputes, specifying mediation, arbitration, or other methods to address disagreements. This can help avoid costly and time-consuming legal action and keep the business running smoothly in the event of a dispute.

✔ In the event of a partner's death or incapacity, a business agreement can step in to specify how that partner's interest in the business is to be handled after they are no longer involved.

We hope you found this brief list helpful. If you are not sure whether your current agreement covers everything that it should or need help drafting a new partnership agreement, do not hesitate to reach out to our team. We are here to help protect what you have worked so hard to build.