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Author Topic: Sharing of Business Profits  (Read 746 times)

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Offline vinarmadavi

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Sharing of Business Profits
« on: September 14, 2014, 01:22:55 AM »
HI,

Me and My friend had rented / shared office premises.

We had a rental agreement with our landlord for the same.

I am selfemployed with my properiorterty firm which caters event services / recruitment services / insurance services.

My friend is into Insurance only.

We had agreed to share rent , electricity bills, telephone bills, office expenses equally.

My friend owes me 70k and had agreed to give me the same after he gets back the deposit money when we leave the office.

Now after leaving he office and getting his share of deposit, he is not showing up and not picking calls. He msged me asking for profit sharing in my business.

Is this legally right.?? we had not agreement or discussion on profit sharing of each others business income.

Kindly help me out.

Regds
Vinay
 

 

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