Legal Question in Business Law in New York

Question is not entirely clear. Possibly a joint venture agreement?

But both persons should be very cautious from entering into such an agreement without knowing exactly what it could entail legally and how such an agreement could impact their existing businesses.

Legal consultation is highly recommended. An ounce of caution is worth a pound of cure.

Feel free to contact me directly.

Roman R. Fichman, Esq.

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I agree with Mr. Fichman that your question is very vague; although I think I understand what you're asking. The obligations of one trade show operator to the other depends on the type of business relationship they've forged.

The organizers can be two shareholders in a corporation governed by a shareholders agreement; two members of a limited liability company governed by an LLC operating agreement; two partners governed by a partnership agreement; etc. It is also possible that the two had an oral agreement. In that case, specific state laws would generally apply.

Alternatively, one organizer might be the sole shareholder in a corporation and the other an independent contractor or even just an employee. As Mr. Fichman suggested, the organizers could also be a joint venture between two separate and distinct business entities.

Again, the type of business entity and the type of agreement in which the organizers entered dictate the rights and obligations between them. I hope this helps.