I own a shop and a building with two other partners. I want to exit my partnership in both. What are my options?

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Law Forum › Category: Property › I own a shop and a building with two other partners. I want to exit my partnership in both. What are my options?
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Apni Law Staff asked 2 years ago

I own a shop and a building with two other partners. I want to exit my partnership in both. What are my options?

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Best Answer

Apni Law Staff answered 2 years ago

You can exit the partnership by negotiating a buyout with your partners, or by filing a petition for dissolution of the partnership under the Indian Partnership Act, 1932. If the partnership agreement has a specific exit clause, you should follow that.

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