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Message: [QUOTE="Crusty, post: 812003, member: 2265"] As I understand it, the whole idea behind a GOR is that it is stronger and does not suffer from the LD issue. GOR is simply the purchase and sale of an asset. This ruling will have precedential value on certain of the issues already adjudicated and the LD issue but the latter will not be an issue to the GOR. I don't quite follow the partnership liquidation point. Are you saying that "public policy" does not extent to partnership agreements? (Is the ACC in partnership form?).Why would LD clauses in a partnership (which is nothing more than a contract) be treated differently than any other contract? [/QUOTE]