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Dear Client,
A partnership firm is governed by the terms and conditions of the Deed of Partnership executed by partners stating therein the rights and responsibilities of the partners and the ratio of sharing the profits and losses of the business by each partner. In the absence of any prohibitory clause in the Deed of Partnership, a partner can run another partnership firm and can enjoy its profit. But without being a partner of said partner can not claim a share of the profit of the said busin

Dear Client,
Partners of a partnership firm is governed by the contents of the Deed of Partnership executed between the partners stating therein all the terms including initial investment of capital in the business by the respective partners and the ratio of sharing the profit and loss of the firm by the partners apart from others obligations and responsibilities of the partners. If the share of ratio in profit and loss of the business is mentioned as 80:20 then in that case you can not claim a

Dear Client,
In a Partnership business, all the partners are equally liable for non-performance of their respective obligations as per the terms and conditions of the Partnership Deed. When all the documents/papers in connection with the real estate project are executed jointly by all the partners, Confirmation Deed also requires the consent and signature of all the partners. In a case out of 5, two partners are reluctant to sign the deed for any reason, they can execute a registered GPA in f/o

Dear Client,

The court should be informed of the death of OP and as per the order of the Court necessary steps to be taken by the Registry to find out the legal heirs/representative to continue the proceedings. If no heirs or representative of deceased OP is traceable, then the case may be heard exparte and order may be passed accordingly.

In the given situation you need to nock the door of Court to access justice in the matter. In plethora of cases Supreme Courts, High Courts have allowed the petition for specific performance filed under Specific Relief Act even in case of documents not registered under the Registration Act or any other Act applicable on the subject. In case of Partnership firm Deed of Partnership is required to be registered by the Regsitrar of Firms and Society under Society Registration Act.

So get in touch w

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Dear Sir,
You must have registered Partnership Deed and the clauses therein must be very clear about the termination, sharing of profits, investments and interest thereon. Then only you can go to the Court and claim your individual rights.

Dear Sir,
He must be in good books to settle the deal and try to get atleast post dated cheques in respect of investment made by your father. Otherwise, it is very difficult to recover the amount.

Dear Sir,
No Rights are vested with unregistered partnership firm. The aggrieved party can't file any suit against such firm. The Partners inter-se also can't file suit against each other.

Dear client,
Your partner getting the amount of money totally depends on what terms and conditions were agreed on buy both of you at the beginning of the partnership.
Thank you.