Reading: My business partner bought me out, but we never signed a proper agreement to dissolve the partnership. I sent him emails and even drafted a dissolution agreement, but he’s now saying we weren’t serious and wants me to shoulder the losses. I already left the business two months ago, and the cheque he gave me bounced. What should I do now?

My business partner bought me out, but we never signed a proper agreement to dissolve the partnership. I sent him emails and even drafted a dissolution agreement, but he’s now saying we weren’t serious and wants me to shoulder the losses. I already left the business two months ago, and the cheque he gave me bounced. What should I do now?

Last updated: August 25, 2025 1:01 pm

Apni Law

2 years ago

Law Forum › Category: Cheque Bounce › My business partner bought me out, but we never signed a proper agreement to dissolve the partnership. I sent him emails and even drafted a dissolution agreement, but he’s now saying we weren’t serious and wants me to shoulder the losses. I already left the business two months ago, and the cheque he gave me bounced. What should I do now?

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Apni Law Staff asked 2 years ago

My business partner bought me out, but we never signed a proper agreement to dissolve the partnership. I sent him emails and even drafted a dissolution agreement, but he’s now saying we weren’t serious and wants me to shoulder the losses. I already left the business two months ago, and the cheque he gave me bounced. What should I do now?

1 Answers

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Best Answer

Apni Law Staff answered 2 years ago

You should immediately consult with a lawyer to understand your legal rights and options. The lack of a formal dissolution agreement makes the situation complex, and you need legal advice on how to enforce the buyout, recover losses, and protect yourself from further liability.