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  1. #1
    Join Date
    May 2010
    Posts
    2

    Default Binding a LLP to a Lease Agreement

    My question involves business law in the state of: Wisconsin

    Hello,

    Currently we are opening a restaurant in Madison and unfortunately we had some hangups with the architect work and engineer work.


    In late 2009 my General Partner and I created our LLP
    In early 2010 I signed a lease agreement but my partner did not because he was out of town.
    In the lease it says payment begins at 3 months after the sign date or on our first day of operations.
    Landlord is wondering about money for the months of April, and May now.

    My question is:
    Is my signature alone good enough to execute a lease for my LLP when the business is split 50/50?

    Thank you in advance!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Binding a LLP to a Lease Agreement

    You signed the lease on behalf of the company, as an agent of the company, with the intention of binding the company to the lease, and with the knowledge and consent of your partner. You don't get to escape the lease just because things are proceeding more slowly than you anticipated.

  3. #3
    Join Date
    May 2010
    Posts
    2

    Default Re: Binding a LLP to a Lease Agreement

    that is what I thought, thank you.

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