Questions & Answers
Action against a business partner for failing to fulfil his obligations
We are 2 partners in a technical services LLC company, it's 6 months old.
I paid some money to my partner to clear the instalment amount with setup consultancy which he didn't pay yet.
Also, he's not investing his share further comparatively my investment is more for setup.
He is still using the business license keeping me away (hiding), his phone is not reachable all the time, only contacting me on Whatsapp and telling lies.
Due to his untrustworthy, I would like to claim my investment and damages from my partner and need to withdraw my partnership.
Give me a solution.
What we understand that you are a partner.
So in this case, you have a full right to oblige the other party to execute his obligation or you can terminate the contract and claim your money back, in addition to compensation for your losses.
On the other hand, you have a right to file a criminal complaint if he uses your money or the company's money for his personal use.
