Sign-in Help
Commentary

122 Termination of the business

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

122 Termination of the business

| Commentary

(i) Termination of the business and winding up of the company

122 Termination of the business

Where one participant finds itself at odds with the others, this may well lead to the departure of that participant but is unlikely to result in the termination of the business as a whole1. However, it is a sad fact of life that in some businesses the relationship of the parties breaks down to such an extent that no further decisions are possible. In such a case, there may be no alternative but to bring the business to an end. One school of thought is

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial