LawRato

Father came out from business and not take share.Can he take share now


09-Oct-2023 (In Property Law)

my father has 1elder brother & 2younger brothers.my father ad his elder brother started business together but partnershipdeed was written inbetween 4brothers.the deed says my fathers elder brother has 40% my father and other two brothers 20?ch..after 1year my dad brougt his youngest brother into business..and 3brothers was doing business.after 10 years due to some disputes my father came out from the business..he didnot took a rupee from that business..now 3rd brother also joined the business and new properties were purchased after my dad left.does my dad have share from that property.

Answers (1)

Answer #1
965 votes
Hi sir/madam, when your father leave from the said business and comeout, at that time your father was not taken any share, your father has asked his respective share from his brothers on the basis of terms and conditions of the business-partnership deed.

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.

Report abuse?

Comments by Users

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."