What are the consequences of the dissolution of a joint venture?
MultiRegion, United States of America
The following excerpt is from Scholastic Inc. v. Harris, 259 F.3d 73 (2nd Cir. 2000):
discharge the existing pre-dissolution liabilities of the partners, id. 64, 66(1)(a), 67(1). Stem v. Warren, 227 N.Y. 538 (1920), is illustrative of New York's approach to executory contracts between a joint venture and a third-party that are incomplete at the time of the venture's dissolution.
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