Partition Agreement Sample With Retainer In New York
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In New York, a partition action can take between 1.5 to 2 years to get to trial. The period depends on various factors, such as the complexity of the case, the number of parties, and the court's case load. Most partition actions, however, are settled and do not go through trial.
A contract can either be written or verbal, and while both can be legally binding, some contracts are required to be written in a designated format to be enforceable. Contract law is complex and differs between jurisdictions.
A retainer need not be in writing, although it is in both your and the lawyer's interests if the essential terms are in writing. This may be part of a costs agreement. Under a retainer, the lawyer agrees to use all the relevant information to further your interests.
To initiate a partition action, the petitioner must file a complaint with the appropriate court that describes the property involved. The complaint must also include the ownership shares and interests of all co-owners as well as any other property co-owned by the parties. NY Real Prop Actions L § 905.
To initiate a partition action, the petitioner must file a complaint with the appropriate court that describes the property involved. The complaint must also include the ownership shares and interests of all co-owners as well as any other property co-owned by the parties. NY Real Prop Actions L § 905.