Legal Question in Business Law in Florida

business law

Im a 30 percent partner in a shopping center.My partner stopped paying rent in his dominos business i asked why he said the company owes him money and if i dont like it too bad he has a lease until2014 I want to get bought out at a fair price what is going to happen.

thanks

rod


Asked on 10/07/07, 11:04 am

5 Answers from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: business law

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Without reviewing whatever written agreement there is between the parties, it is impossible for any attorney to provide any advice. Prior to filing suit, both parties may wish to meet with a professional mediator to try and resolve the dispute. Failing such, you may need to file an action to dissolve the partnership (if that is the correct legal entity between the parties). You would be well advised to seek representation by counsel.

Scott R. Jay, Esq.

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Answered on 10/07/07, 7:51 pm
Robert Roemer Robert Roemer

Re: business law

I would suggest you call the other partners to discuss this situation.If you

do not get any quick resolution feel free

to contact my office or send me an e-mail

to me to discuss further.If this is effects cash flow and the ability to pay

the expenses of the business - deal with this now.

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Answered on 10/07/07, 9:39 pm
David Slater David P. Slater, Esq.

Re: business law

Wihtout reading your agreement, no one can answer properly.

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Answered on 10/07/07, 12:46 pm
Matthew Sarelson Sarelson & Shafir LLP

Re: business law

If an informal agreement won't work, you will have to sue your partner for dissolution. My firm has substantial experience with these matters, feel free to contact us.

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Answered on 10/07/07, 12:48 pm
Andrew Jackson, J.D., LL.M. Jackson Law Group, LL.M., P.A.

Re: business law

You mention "partner." Is there a partnershkp agrrement? If so, first look to the contract.

Second, what company owes him money? I would suggest his domino's business owes the shopping center money for a lease despite any funds owed to him personally or through a separate entity.

FACTS MATTER. Please consult with an attorney.

Jackson Law Group, LL.M., P.A.

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Answered on 10/08/07, 8:40 pm


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