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07 March 2010

Contract and Charges - Legal advise sought.

Ok this is rather complicated but will try to explain best as possible. Me and my partner own a 50% share of UK Ltd company which went into business with another company. The terms of the contract were tied by a penalty clause which will only be invoked if delivery failed from our company. As a result adequate documents were signed and given to the offshore company. During time, the UK ltd company failed to deliver, and as a result the other company has now invoked the charge. My other partner is now claiming that he didn't know anything about this contract, and is even claiming that he didnt sign any contracts or other documents, which are witnessed as well.. What are my legal options. Can I get the signatures tested? What value does this hold in court. He may have twisted the signatures slightly (knowing he was going to do this later). Pls advise accordingly, and I am happy to provide futher information. Thanks cLm

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