Can a majority owner dissolve a partnership in the middle of the contract if the minority owner does not agree to it?
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Can a majority owner dissolve a partnership in the middle of the contract if the minority owner does not agree to it?
Asked on January 3, 2013 under Business Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Whether or not a majority holder in a partnership can legally and contractually dissolve the partnemrship during the term of the agreement depends upon what the partnership agreement states. Ordinarily if the partnership is not working out, then the agreement can be terminated under the laws of all states in this country.
I suggest that you consult further with a business attorney to review all documents you may have concerning your venture.
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