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Partnership issues with my partner need legal advice to write new deed
13-Aug-2023 (In Arbitration Law)
Team,
Me and my cousin started business in coimbatore in EDM wire cutting industry. the entire amount invested by me so far. my cousin is not affordable to invest on anything but he is kept as an incharge of the business because i am out side india. so we registered partnership firm and last 3 months he is not ready to give any details about the work nor he is not following any rules to maintain any documentation to run the bsuiness. whenever i am calling him, he is telling not to disturb.
Sir, if you have already entered into a Partnership Deed, there will be provision for dispute resolution in the said deed, you will have to follow the same. Also in the partnership deed, I assume you will have defined roles, for your cousin and yourself. You can issue a written communication seeking the business activities of the firm and seek other details as to performance of his role, accounts etc.
Helpful?
Adv. S. R. Iyalpari
Coimbatore | 100+ Answers
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try to enter into proper agreement with all necessary terms and conditions to avoid such problems in future, if that is the brief out your nature of manufacturing/ turnover / amount invested so that we can help you out your requirements
Helpful?
Adv. Jayanthi. P
Chennai | 25+ Answers
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