How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask tdlawyer Your Own Question
tdlawyer
tdlawyer, Lawyer
Category: Law
Satisfied Customers: 1096
Experience:  11 years experience of general practice.
73598664
Type Your Law Question Here...
tdlawyer is online now

Hi Tony, You gave me some advice last night on a partnership

Resolved Question:

Hi Tony, You gave me some advice last night on a partnership split, well today I have found someone that will buy the partnership. If my business partner sticks his heels in and we have to go to court will the court keep the business intact and allow it to be sold rather than close it down?
Submitted: 3 years ago.
Category: Law
Expert:  tdlawyer replied 3 years ago.

tdlawyer :

Hi there - thanks for this question.

tdlawyer :

No, the court will not force a sale against one of the partner's wishes. No one partner has the right to its property (to be sold or otherwise) to the exclusion of the other. You all have to agree. The Court will simply order it be wound up and the business ceased. In truth though, you're all going to want to get something for it if this happens, and I would have thought an agreement would be entirely possible if faced with something or nothing situation..

Customer:

Ok so that needs to go into the pot as a possible solution.

tdlawyer :

Yep :)

Customer:

Thanks Tony, no doubt I will be back to you tomorrow.

tdlawyer :

:) No problem at all. Try and have a relaxing Sunday!

Customer:

Thank you, XXXXX XXXXX

tdlawyer and 3 other Law Specialists are ready to help you