Questions & Answers
Partnership withdrawal and claiming the paid money
I opened a bar business in RAK with a Lebanese partner. I financed it with AED 280,000 and he does the operation.
Unfortunately, I withdrew my partnership as I cannot provide more money as he asked. We agreed on making an agreement that I will cancel my partnership and he will pay me the said amount every month by AED 5,000.
The problem is that he didn't pay until now and its been 2 years. Every time I ask him he is saying no money yet, till he told me that we need to re-calculate the AED 280,000. He didn't meet me to re-calculate.
Then, he moved the bar from the rooftop to the 4th floor and it's much bigger. So, he is saying that the bar is a different one already and we are not talking about the same bar anymore.
I have an agreement signed, that if he gets a partner, he will pay me as well as if he sells the bar.
Do I have any chances of getting the money back?
Good Morning Sir,
Yes, absolutely. You have a chance of getting your money back along with interest.
Before proceeding with any action we recommend to see all the documents and the agreement with him. It would be great if you can visit our office soon.
Time is of the essence, so we recommend acting expeditiously to recover the amounts as soon as possible.
Please feel free to reach out. My contact no. +971 565989309.
Thanks.
