Dear ADMIN, this is a non property post, please allow for some time.
I am living in UAE,and recently i have started a business on partnership with my friend in pakistan ( a dairy farm), facts and figures are given below, you are kindly requested to let me know the procedure/outlined to get it registred/legalised, in case any partner have some different opinion and this leads to some unwanted action and we need to shut down.
how we can get it legalised so that we both protect our rights in the court.
1) i am fully financer of the business
2) my partner in pakistan is managing it all
3) he is using his land for the shed and agriculture land of 3 acre for animal feed
4)till this moment we dont have any kind of agreement, although business is running from 4 months
your opinion matters for me, please advise, how i can protect my rights in the court, if...,.
Thanks
EA :h
EA replied on Friday, August 24, 2012 03:52 AM
pleae note..,we are a partner of 50/50 for all the profits |
Abdul replied on Friday, August 24, 2012 04:20 AM
Quran says when you make a deal make at least 2 witness and put it in writing . Faith is good thing but in writing is equally important. |
M.S replied on Friday, August 24, 2012 05:45 AM
AOA
Mr Abdul words are 100% right. I have done paternership with my brother in law without writing and in end I may be a big looser. |
shahid khan london replied on Friday, August 24, 2012 08:01 AM
make sure the money in your pocket is ur money,but in others pocket its not yours,this is my personal experience of life |
A Badu, KSA replied on Friday, August 24, 2012 09:08 AM
Mr. Shahid Khan is 100% right. Many of the overseas Pakistanis have this type of bad experience & one of the victim me too.
Mr. Abdul tou are the right too but gave hime the legal points too. |
zaheer replied on Friday, August 24, 2012 09:18 AM
If no contract is written then actually the owner is the person who is the owner of land.Either write one strong contract or make some land portion by ur name according to ur share. |
Abdul replied on Friday, August 24, 2012 01:16 PM
I wish your confidence and partnership may succeed But at the same time I am nervous One day you might be having just experience and your co-partner will be owning the money. |
Aamir replied on Friday, August 24, 2012 01:36 PM
The money, between blood relations or the old childhood friendship rips off the beautiful relations more often than 99% of the time. |
Kashif Ali replied on Friday, August 24, 2012 02:35 PM
the money in your pocket is ur money,but in others pocket its not yours. Agreed |
EA replied on Saturday, August 25, 2012 04:44 AM
Dear All,
thank you for your valuable comments,
can someone please suggest me too, what is the way out of this situation, how can i form an agreement and where it should be registered?
either it should be in between me and him or we should go to notrary public to get it attested too? |
uae replied on Saturday, August 25, 2012 07:48 AM
Go to a stamp paper writer (waseeqa navees) in pakistan and write the terms and conditions on a legal stamp paper in the presence of 2 witnesses. Keep copy of it for yourself and your partner |
khan bahi replied on Saturday, August 25, 2012 06:53 PM
It is to late now, even to make a written agreement with your friend, if your friend get agree to do this, it will be miracle, God luck |
