Traditional Culture Encyclopedia - Hotel reservation - In a relationship, one party borrows money to invest and do business, and the other party manages it. How to distribute the benefits?
In a relationship, one party borrows money to invest and do business, and the other party manages it. How to distribute the benefits?
According to Article 114 of People's Republic of China (PRC) Contract Law: "The parties may agree that one party shall pay a certain amount of liquidated damages to the other party in case of breach of contract, or they may agree on the calculation method of damages for breach of contract. If the agreed liquidated damages are lower than the losses caused, the parties may request the people's court or arbitration institution to increase them; If the agreed liquidated damages are excessively higher than the losses caused, the parties may request the people's court or arbitration institution to reduce them appropriately. There is no provision that partnership property can only be distributed in the case of withdrawal or termination of partnership. Furthermore, according to the agreement in "Exit W Hotel Nightclub Management Agreement", the three parties share the profits and losses of the partnership based on the partnership, rather than the agreement on the distribution of the partnership property.
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