Georgia | Business Law
1/23/09, 2:27 pm
Legal Question
Dissolution of partnership
A client of mine is faced with a demand from his business partner to either buy him out or sell him his interest in the company. The partnership agreement doesn't address a timeframe for this buyout, but the partner, who owns a majority stake, has demanded payment within 2 weeks. The company is in Georgia. What protections are available to my client to give him more time to raise the cash?
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