441+ Lawyers are online 
Partnership breaking forcibly what rights i can claim
05-Aug-2023 (In Corporate Law)
One foreign company having indian nri rep helped me start my sole proprietor co. we worked together thru mutual verbal cooperation. the said co gave us business. no mou or contract. now we have been forced to part ways. can they claim my co profits as their own?
Did you prepare and execute any proprietorship deed for setting up this concern? If you did not and if the proprietorship concern is registered in your name, only you are legally entitled to the profits earned by the concern.
Helpful?
19+
19+
Contracts which are enforceable in a court of law are called Valid Contracts. To attain Validity the Contract should have certain features like consensus ad idem, Certainty, free consent, two directional consideration, fulfillment of legal formalities, legal obligations, lawful object, capacity of parties, possibility of performance, etc. Information provided by you are insufficient, what type of business, whether product based, services etc, whether permitted in law, something can be said thereafter. considering your information that there is no MOU or contract nothing can be claimed legally by you or by them
Helpful?
21+
21+
Adv. (Dr) Kamala Kanta Mohapatra
Balasore | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Corporate lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
