fam... give it up... YOU ARE STILL WRONG
The Basics
Because partnerships are so easily created, you'll want to choose your partners carefully and, wherever possible, enter into a partnership with a written document that guides the behavior of all parties. Without a written agreement, partners are required to follow certain rules for partnerships. For example,
in the absence of a written agreement, partners can't draw a salary and instead share profits equally. Even if you're doing 80% of the work and your partner only 20%, without a written document to the contrary, you must split profits evenly.
Yet another reason to choose partners wisely is that all partners share equal authority to bind the partnership to business deals and debt obligations. This means that if your partner enters into a contract with an overpriced supplier, the partnership is responsible for the contract, and as you'll see below, you are personally liable for the debt if the partnership can't pay it.
- See more at:
http://smallbusiness.findlaw.com/in...imited-partnerships.html#sthash.WxSOsMF5.dpuf
yes they are GENERALLY 50/50 but you can easily write into the contract, that one partner gets more of the profits, and it still be called a partnership
as the dude above was saying.. unless you have personally seen the contracts, you have zero idea of what is going on in the contract... how many times we seen press about what a person is getting or got... then years later they crying about how they never got any of that shyt cause they never read the contract in full
you can say whatever you want to in the press... at no time did they ever say anything was 50/50 or describe what the split was.. and never will you ever see that contract to know it's 50/50 either
you think a billion dollar company like caa is gonna equally split profits with a company who just started doing sports the moment they signed with them???
it's the same thing when jay-z "owned" the nets and had all sorts of press and front row seats and blah blah blah... then they truth comes out he owns less than 1%... but are they gonna announce that?? fukk no.. they want it to look good and want fans to believe it's all jay-z or at least 10% or some shyt.. and i do believe he was called a "partner" in the nets deal too
believe in entertainment pr bullshyt brehs