Partnership dispute

This is a discussion on Partnership dispute within the Business Contracts & Partnerships forum, part of the BUSINESS & FINANCE LAW category; I am a 40% shareholder in property developing company. The other partner 60% shareholder came to me wanted to sell ...

Consult Your Own Personal Lawyer Now!
Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Apr 10th, 2007, 08:18 AM   #1
Junior Member
 

martin's Avatar
 
Join Date: Apr 2007
Posts: 1

Default Partnership dispute

I am a 40% shareholder in property developing company. The other partner 60% shareholder came to me wanted to sell one of our plots of land, i did not, and suggested i rather buy him out of the land. He agreed verbally and i matched the offer from the 3rd party. 2 hours later he calls back and says he wants more money, I refuse and say iam only prepared to match the offer on the table. 2 weeks later i find out he has sold the land without my consent or signature. This has resulted in bad feeling between us, and I now find out he has excluded me from access to the bank accounts and i can no longer even get a cheque book without his permission he has also stopped my salary. What our my rights with regard to the sale of the land etc and bank account access.
martin is offline   Reply With Quote
Old Apr 11th, 2007, 12:10 AM   #2
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Partnership dispute

Based on what you say here, you could file suit against him (or at least threaten to do so) in small claims court or in regular court; filing in small claims court is easier and requires no attorney...you could try to collect all of the costs and damages that you suffered due to his behavior...
  Reply With Quote
Reply

Bookmark & Share

This thread has 1 reply and has been viewed 449 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

| More

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Ended Partnership Issues (partnership document, office lease) Unregistered Business Contracts & Partnerships 2 Mar 12th, 2010 03:27 PM
limited partnership n. a special type of partnership which is very common when people Unregistered Business Contracts & Partnerships 0 Jul 23rd, 2008 12:22 AM
Deposit dispute: I am writing a letter to dispute part of our deposit... ikhjardine Landlord vs Tenant Issues 1 Jun 4th, 2008 03:25 PM
Family Limited Partnership vs. General Partnership Innocent Bystander Business Contracts & Partnerships 1 Dec 6th, 2007 01:15 PM
partnership dispute Unregistered Business Contracts & Partnerships 1 Apr 11th, 2007 12:11 AM


International Law Issues?


All times are GMT -4. The time now is 02:14 AM.