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Prashant Zanvar (Manager)     23 January 2011

Goodwill calculation on retirement of a partner

If the partnership deed in silent on the calculation of goodwill and the way it needs to be treated at the time of retirement, Is there any rule by which the retireing partner can claim the goodwill amount? If yes. Then what are the methods of calculating the same.

For any reasons if the existing partners disagrees in giving goowill amount to the retiring partner, Is there any legal recourse available for the retireing partner?

thanks



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