Q: We have 5 partners in a recently opened company. Two partners are dishonest and are not reporting properly to the company… A: We can assist you in the termination of their contracts depending on the terms and clauses of the contract. As you have the majority, it is possible to do so…

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How can the majority of partners terminate the other partners?

Dear sir/madam,

We have 5 partners in a recently opened company. Two partners are dishonest and are not reporting properly to the company.

We (the other 3 partners) want to terminate them on the basis of their wrong practice. What are the probable ways?

VNZ Legal Consultancy Services

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26 Jul 2022, 07:55

Good day,

We can assist you in the termination of their contracts depending on the terms and clauses of the contract.

As you have the majority, it is possible to do so. We can assist you further.

Please contact me via phone or email for further assistance.

Thank you!

26 Jul 2022, 08:14

Hi,

Thank you for your kind reply!

Can you suggest the timing and expenses involved in the whole process?

26 Jul 2022, 08:19

We can hold a meeting based on your convenience at our office in business bay.

The costs will range from 1500-5000 AED depending on the terms and clauses of the shareholders' contract.

If interested, please share your number with me, and my team will get in contact with you.

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