Junior Partner Law and Legal Definition
A junior partner is a partner whose participation is limited with respect to both profits and management. In other words, a junior partner is a person whose level of involvement, responsibility, risks, and rewards are comparatively lesser than that of the senior partners.
Legal Definition list
Related Legal Terms
- Adult Interdependent Partner
- Aggregate Theory of Partnership
- Articles of Partnership
- Arts Education Partnership
- Business Partner Network (BPN)
- Center for Faith Based and Neighborhood Partnerships [HUD]
- Center for Faith-Based and Neighborhood Partnerships [HUD]
- Civil Partnership
- Community Partnership
- Copartner
