In a 3 person verbal partnership, can I dissolve and liquidate the domain name alone to get out of it?
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In a 3 person verbal partnership, can I dissolve and liquidate the domain name alone to get out of it?
Asked on October 8, 2012 under Business Law, Massachusetts
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the partnership laws of all states in this country in order for you to do what you wish to do legally per what is stated in your question, you need to hold a partnership meeting and get a majority of the partners to agree to dissolve the partnership in writing and terminate the use of the partnership's "domain name".
Give the complicated nature of partnership law, I suggest that you consult with a business attorney to assist you in the endeavor that you wish to pursue.
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