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One of my friends took 1 lack from me for some business purpose, promising the profit share on monthly basis.?

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  • One of my friends took 1 lack from me for some business purpose, promising the profit share on monthly basis.?


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Answer #1 | 23/12 2013 05:24
Hi, sometimes even friends turn enemies where there's money involved. It's the root of all evil you know! - Go and meet this guy with a common friend. - Get it written from him that he has borrowed 1L INR from you and will return it you by such-and-such date. - Make sure he signs and puts date. Inform his parents if he creates trouble.
Answer #2 | 23/12 2013 18:33
If you efel the business is viable, make a partnership agreement with him or take a pro note from him.

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