If your business partner is no longer contributing financially to the company, you have several legal options available.
First, you should consult with a lawyer experienced in business law and review any contracts or agreements that exist between you and your former partner. These documents may provide guidance as to what steps can be taken in order to resolve the situation officially. If there are no such documents, then it will be necessary for both parties (or their respective lawyers) to negotiate an agreement regarding the dissolution of their partnership or other financial arrangements that fulfill obligations owed by one party to another.
A lawsuit may also be an option if negotiations fail and/or if it appears that one party has breached a contract or fiduciary duty owed to the other. In this case, a court would determine whether any damages should be awarded and could issue orders requiring payment of these amounts from one party to another. It is important to note however that litigation tends to be expensive and time consuming so alternative out-of-court methods such as mediation might prove more advantageous depending on the circumstances involved in your particular situation.
In conclusion, when dealing with disputes related to business partnerships it is important not only understand applicable laws but also take into consideration potential limitations on remedies available due various factors including existing contracts/agreements between parties as well as public policies governing certain types of businesses (such as those involving professional services). As always, seeking advice from an experienced attorney who specializes in this area of law can help ensure proper resolution is reached quickly & efficiently while minimizing potential risks associated with legal action
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