Partnership Laws in India
Partnership is defined as a relation between two or more persons who have agreed to share the profits of a business carried on by all of them or any of them acting for all. The owners of a partnership business are individually known as the "partners" and collectively as a "firm". An agreement for forming partnership may oral or written. The threat to one's business may not be the actions of your competitors but instead a dispute with your business partners. If you are sensing or experiencing a serious dispute with your partner that is escalating and affecting your business operations, you ought to implement immediate measures to secure your business and the equity interests you hold in such partnership. Disputes involving partners can be complex and high stakes affairs. Specialist advice is required and we are proficient in advising partners to resolve all types of disputes involving their membership of partnerships. We adopt appropriate methods of dispute resolution, including mediation and arbitration, to resolve the many differences that can arise between partners, including disputes over profit share or liability, disagreements over client ownership or difficulties arising out of ambiguously or poorly worded partnership deeds.