Legal Question in Business Law in India
X, Y and Z were partners when an infringement of a trademark by the firm took place. X retired and damages arose after dissolution of the firm. Are all partners liable for these damages?
Asked on 11/13/11, 9:55 am
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Yes. Study the law of contract and damages.
Answered on 11/13/11, 8:18 pm
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
continued,.............
You should refer to relevant provisions of Partnership Act to understand implications of dissolution and damages arising out of transactions prior to dissolution; The terms of dissolution deed are also very important in such cases.
Answered on 11/13/11, 8:19 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
refer law books
Answered on 11/15/11, 12:55 am
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