Real estate partnerships can be lucrative, but without a well-drafted partnership agreement, they can quickly turn into legal disasters. In this presentation, we break down the most common pitfalls that arise when agreements are vague, incomplete, or missing entirely. We’ll cover how inadequate agreements lead to disputes over profit allocation, capital contributions, voting rights, and management authority. We also explain how default state rules—often unfavorable and generic—can take over when agreements are silent, creating unexpected requirements like unanimous consent or per-capita voting. Learn more: https://www.cummings.law/legal-pitfalls-of-inadequate-partnership-agreements-in-real-estate-deals/