I hear people refer to those with whom they do business as their “partners” frequently. I even hear this from people who are really shareholders in a corporation or members in a limited liability company. I am fairly certain that if most of them understood the potential liability of forming a true partnership, they would never call themselves someone’s partner ever again. Partnerships are relatively easy to form (beware: some court decisions and Nevada’s statutes have held that a partnership can be formed just by telling those with whom you are doing business that you and another person are “partners”), requiring simply an association of two or more persons doing business together for a profit. NRS 87.060(1). Every partner is a fiduciary to the other partner(s). That means the partner has a legal duty to act in the best interests of his or her partners and of the partnership rather than acting in his or her own interest. NRS 87.210.
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Hon. Jay Young (Ret.) is a retired judicial officer with decades of experience presiding over complex civil litigation matters. Following a distinguished career on the bench, Judge Young now serves as a mediator, arbitrator, and court‑appointed special master, and discovery referee. Judge Young brings a disciplined, impartial, and results‑oriented approach to dispute resolution. Judge Young is based in Nevada and accepts appointments statewide and nationally, subject to agreement or court order. He can be reached at 855.777.4557 or info@armadr.com
Known for judicial temperament, analytical rigor, and practical problem‑solving, Judge Young assists litigants and counsel in resolving high‑stakes disputes efficiently and with integrity and employing best practices. He is recognized by U.S. News and World Report’s publication Best Lawyers as Arbitration Lawyer of the Year.