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Undertaking from other business partner for not getting ousted


26-Feb-2023 (In Corporate Law)
can i take any undertaking from other business partner that they will not kick out me from the business as i have invested total money and they are giving total labour and they are also controlling the business also.
Answers (1)

Answer #1
528 votes
Sir,

When you made an agreement with your partner orally it will not Hind any one of you but if you deviced the same through a partnership deed neither of you could escape cheating the other. So you can bind the partners by executing a partnership deed which I could help you if you Consult with me.

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