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 ...
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#1 |
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Junior Member
Join Date: Apr 2007
Posts: 1
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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.
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#2 |
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Guest
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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...
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