Is there a way for me to make sure a partner that is giving up his co-ownership in the company to be removed from any liability from the previous year?

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Is there a way for me to make sure a partner that is giving up his co-ownership in the company to be removed from any liability from the previous year?

Asked on January 15, 2013 under Business Law, Indiana

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

One way to accomplish the desire that you want is to have a business attorney draft up a hold hamless and indemnity agreement with respect to the person who is being removed as a partner dealing with the liability issue that you have written about.


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