I am starting a business with my friend , a fix initial amount I will give to my friend for investment in his business in return he will pay me a agreed amount every month and after a year he will return initial invested amount .
My question is : a written statement about the mutual agreement on a stamp paper will act act as legal binding for my partner in case he refuse to return invested amount .
Or advise what else will be better in this case .
1 Answer from Attorneys
Both of you should execute partnership deed consisting agreed terms & conditions and register it. If need any help contact by return mail
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