Hello,

Is there any revocation clause in the same?

If yes, then revoke the same accordingly and if not then send a notice for revocation followed by a publication of revocation in the newspaper.

Regards

It is necessary to peruse agreement executed by you to advice

If it is partnership firm notice of dissolution has to be given by you to your partner

Public notice has to be issued

Send legal notice for cancellation of agreement forthwith.

Once you and your partners have agreed on how the terms of dissolving in business and all dissolution proceedings have come to a close, you must file a statement of dissolution. The instructions for completing a statement of dissolution vary from state to state, so it is important to follow the format that is laid out for the state where your business is located. Some states require businesses to file a dissolution statement before notifying creditors and resolving claims while other states require the dissolution statement to be filed after. Tax clearance is also required by some states, meaning all back-taxes must be paid prior to filing a statement of dissolution.

1. Serve a Proper Legal Notice to the Partner, about your intentions with justifications and settlement terms.

2. Also publish the same in local newspapers, to restrain public from dealing with the partnership business and absolving yourself of any such liabilities.

Keep Smiling .... Hemant Agarwal

The partnership need to be either dissolved mutually by deed or through court. it cannot be done unilaterally.

hello

a notarized agreement holds no value in the eyes of the law, although past acts done on the basis of that notarised agreement can be taken into consideration in deciding any controversy. therefore the partnership can be dissolved by you on the basis of mutual arrangement.

regards

you first need to check the clauses in the agreement with your partner, regarding dissolution of firm

accordingly you may have to issue a notice to your partner dissolving the partnership and calling on him to refund his stake to you

if he is agreeable then a deed of dissolution can be made

if he is not then you will have to file a suit

Act in accordance with the termination/dissolution of partnership clause in your partnership deed.

Contact a local lawyer along with a copy of the deed.