Can I force my partner to sell the business if we are splitting up the business?
Full Question:
Answer:
There are several situations in which one partner is permitted to obtain the dissolution of a partnership through a Court decree.
A partner may judicially dissolve the partnership if one of the partners has been declared insane. Also, if one of the partners has become incapable of performing the terms of the partnership agreement, the partnership can be judicially dissolved.An example of this would be disbarment of an attorney in a law firm.The habitual drunkenness of a partner is a sufficient cause for judicial dissolution. Also, if dissensions in a partnership are so serious and persistent as to make the continuation of the partnership impractical, a judicial dissolution can be obtained. Finally, a partnership can be judicially dissolved if the partnership cannot continue in business except at a loss.
