Legal Question in Business Law in India

sir i am going to start a new firm with 3 partners including me.......
my lawyer had written the deed, but in deed he written that any dispute between the partners shall be referred to ARBITRATOR and the decision of arbitrator will be final and binded on all three partners..
but sir can i have option to get little security, such that i want that whatever the decision taken by arbitrator must be followed by agreement of all three partners.. if any partner dont like the decision of arbitrator then it should not be forced upon the partners and must be changed to another where all the partners give agreement in written.

Asked on 11/14/11, 8:42 am

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

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You should contact your lawyer who was engaged to prepare the deed for appropriate amendments, if permissible in law.

Answered on 11/14/11, 10:52 pm

Aniruddha Pawse Aniruddha.P.Pawse Advocates

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ask your lawyer to amend the agreement

Answered on 11/15/11, 12:33 am

Sanjay Kalra Sanjay Kalra & Associates

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You can modify/amend the provisions of your partnership agreement.

Answered on 11/17/11, 3:23 am

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