Reading: My friend and I started a business together, with a written agreement outlining our profit sharing. He promised to bring in 12 crore rupees for the project, but hasn’t delivered. I’m worried that if I try to part ways, he’ll file a lawsuit, making it hard for me to get loans. Our agreement only covers profits and our long-term plan. What’s the best way to remove him as a partner without legal trouble?

My friend and I started a business together, with a written agreement outlining our profit sharing. He promised to bring in 12 crore rupees for the project, but hasn’t delivered. I’m worried that if I try to part ways, he’ll file a lawsuit, making it hard for me to get loans. Our agreement only covers profits and our long-term plan. What’s the best way to remove him as a partner without legal trouble?

Last updated: August 25, 2025 1:04 pm

Apni Law

1 year ago

Law Forum › Category: Corporate › My friend and I started a business together, with a written agreement outlining our profit sharing. He promised to bring in 12 crore rupees for the project, but hasn’t delivered. I’m worried that if I try to part ways, he’ll file a lawsuit, making it hard for me to get loans. Our agreement only covers profits and our long-term plan. What’s the best way to remove him as a partner without legal trouble?

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Apni Law Staff asked 1 year ago

My friend and I started a business together, with a written agreement outlining our profit sharing. He promised to bring in 12 crore rupees for the project, but hasn’t delivered. I’m worried that if I try to part ways, he’ll file a lawsuit, making it hard for me to get loans. Our agreement only covers profits and our long-term plan. What’s the best way to remove him as a partner without legal trouble?

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Best Answer

Apni Law Staff answered 1 year ago

Indian law allows for dissolution of a partnership by mutual consent, but your friend’s non-compliance with the agreement may give you grounds for dissolution. Consult a lawyer to understand your legal options and discuss ways to minimize the risk of lawsuits, which could impact your creditworthiness.