I have e-mailed you a copy of the initial document. The relevant clause reads "In the event of any one of the share-holders wishing to pull out of the agreement, their shares to be forfeit and re-distributed equally between the remaining share-holders.
The person that pulled out is Lee Austin, he held a 35% share.
The amount of money he is asking for is £15,000.
It is our contention that he is not entitled to anything.
Thank you for your response. Would it be possible to go to arbitration?
Would this be cheaper than court? How do I go about it?
Regards ***** *****
Thank you Alex for your help and advice.