I entered into partnership with 'A'. his job was to bring clients and I look after operations and productions as I developed UNIQUE tool which is more efficient and cost effective for production than any other company in the market. Recently I found that 'A' has become careless and not working full time (as I am) and taking 50 percent of the profit through the year. My job profile forced me to work daily where as 'A' works permit him to bring the client for an year and than take 50 per cent even if he doesnt work.
So the situation here is not looking very good for me as if stop working, company would not stand even one day.
Our partnership deed is very simple. there is no clause which says that upon dissolution no partner has should carry the similar business / work later.
so what do i do to get rid of him? i am ready to give his 50 per cent as i have lost trust in him.
I can PM partnership deed.