In January 2008 I agreed to go into partnership with 2other partners. I have writen evidence that i would provide the capital but not work in the buisness and the other 2 partners would carry out the work. i was to be paid 50% of the profit for the first 3years and to have any amount invested paid back within 5years. i inested 150,000 as agreed.
however the other 2 partners purchased the freehold property and conveyed it into their names only and left my name out. i have refused to carry on in the buisness. the buisness is being carried out by the 2partners.
I want to know whether we are in a partnership and why we are ?
and what is the position to the freehold property//???
Thanks