Legal Question in Business Law in Georgia

Re: Dissolution of partnership

Principally, the terms of the business/partnership would apply. If none apply to the situation, default Georgia law would apply depending on the type of business entity. Have your friend review the situation with a local business attorney to determine his rights.

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Re: Dissolution of partnership

Generally speaking, Georgia would impose a "commercially reasonable" time and would look at other provisions in the agreement. Without pulling books off the shelf and researching what might be a commercially reasonable time in this circumstance, I would try a practical approach. If the parties do not agree, you will have an impasse that can only be resolved by litigation. Given that litigation will at least several months or longer, why not explain these facts to the majority partner and ask for a more reasonable period of time. It would seem logical that when faced with the prospect of costly litigation that could drag on and on or waiting two months for your client to work out some arrangements, the majority partner would opt for giving your client a little more time.