Shivam
Asked July 05, 2016

Breaking up a partnership

  • 1 Answer
  • 255 Views

Sir mere father ka business hamare ek family member ke sath 30 saal pehle partnership m start kiya tha legally... Hamare paas saare document h.. Lakin ab partner ki niyat bigad gai h to ab ham alag hona chate h business se..legally...sir hamare pas 3-4 product ki agency h mai ye jaanna chata hu ki agar hum alag hote h legally to business kis tarah batega.. Aur sir isme kitna time lagega... Thank you

Answer 1

The business will be divided as per the partnership agreement in accordance with the share of each partner. Since you propose a voluntary dissolution, it will only take the time which is taken by the parties to come to a settlement on this issue.

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