Dissolving a partnership via Gud on Iggud
In order to split a partnership there must be a sizeable enough share left for each individual partner. For example, if they own a joint courtyard and want to split it, each of the partners must receive a share that can still be considered a courtyard.
If this is not the case, the Halacha is that one partner can offer to be bought by or buy his partner’s share out – Gud Oh Iggud. L’Halacha, this offer must be made in a Bet Din. This offer is not subject to the rules of Ona’ah (as one of the Aharonim suggests) because that is the nature of the deal.
Wednesday, March 13, 2019
SEPHARDIC HALACHA CENTER BAIS HAVAAD ON THE PARSHA PARSHAT PIKUDEI 5779 Buyout Offer
Dissolving a partnership via Gud on Iggud
In order to split a partnership there must be a sizeable enough share left for each individual partner. For example, if they own a joint courtyard and want to split it, each of the partners must receive a share that can still be considered a courtyard.
If this is not the case, the Halacha is that one partner can offer to be bought by or buy his partner’s share out – Gud Oh Iggud. L’Halacha, this offer must be made in a Bet Din. This offer is not subject to the rules of Ona’ah (as one of the Aharonim suggests) because that is the nature of the deal.
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