Ask a Law Question, Get an Answer ASAP!
Hi there - thanks for this question.
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..
Ok so that needs to go into the pot as a possible solution.
Thanks Tony, no doubt I will be back to you tomorrow.
:) No problem at all. Try and have a relaxing Sunday!
Thank you, XXXXX XXXXX