QUESTION
Can 1 person be the sole representing party on both side of a contract negotiation?
Asked on Apr 06th, 2016 on Contracts - California
More details to this question:
1 person is the only general partner for a farm and a landownership LP. That person has basically negotiated on behalf of both entities without consulting any of the limited partners on the land side.
1 ANSWER
Can they? Yes, but it leaves them open to claims of breach of fiduciary duty, and leaves the contract vulnerable to challenge. Generally, it's not a good idea.
Answered on Apr 07th, 2016 at 11:07 AM