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Dubai, UAE

How to exit an LLC partnership when other partners disagree?

Dear Sir/Madam,

How to exit a partnership when the other two partners are not accepting my exit?

It’s an LLC company in Dubai mainland, and my share is 33 percent.

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Jassim Ali Al Haddad Lawyers and Legal Consultants
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19 Mar 2024, 04:47

Dear Inquirer,

The withdrawal of a partner from a company is usually governed by the company's MOA, often requiring approval from other partners as specified in the MOA.

If there is no consensus among partners, you can sue the company and the partners before the court to decide on the matter and to order the sale of your shares, either to a partner or a third party.

Please note that all required formalities must be completed to officially document this withdrawal in the company registry for evidentiary purposes and to protect yourself from any future responsibility towards any third party.

Please contact us via email or call our offices in Dubai or Sharjah.

Jasim Al Haddad Law Firm

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Mohamed Bakheet Advocates & Legal Consultants
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19 Mar 2024, 07:22

Dear Questioner,

Hold a general assembly meeting in the company and request the cancellation of a partner with the approval of the majority of the company members.

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Nasser Yousuf AlKhamis Advocates & Legal Consultants
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19 Mar 2024, 12:06

Dear Questioner,

You can file a partnership dispute in court against the other partners.

Please contact us for detailed discussion and assistance in this matter.

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KHE Legal Consultancy
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20 Mar 2024, 06:22

Dear Questioner,

If the other partners do not accept the third partner's withdrawal from the partnership, you must approach the DED for the necessary amendment.

The authority will take action based on your complaint. You may also review the clauses outlined in the partnership agreement and follow them in the event of withdrawal.

For further clarification, we can arrange a legal consultation session. Please share your WhatsApp number if you wish to proceed.

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