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Yes, you can terminate the contract.
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Wazzeer Professional Network
ProfessionalOur company entered a MoU with an Indian investor, the contract was entered to have a set amount of fund from this Indian investor into our company, and in exchange, we promised him directorship.
The contract does not mention about funds bringing in part, but the contract mentions about profit and loss sharing part. Since the investor has not brought in funds, Can I terminate the contract?
-
Wazzeer Professional Network
ProfessionalYes, you can terminate the contract.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
over 3 years ago
View answer
Our company entered a MoU with an Indian investor, the contract was entered to have a set amount of fund from this Indian investor into our company, and in exchange, we promised him directorship.
The contract does not mention about funds bringing in part, but the contract mentions about profit and loss sharing part. Since the investor has not brought in funds, Can I terminate the contract?
-
Wazzeer Professional Network
ProfessionalYes, you can terminate the contract.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
over 3 years ago
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