Hi Guys,
Here is the situtation.
There are two directors in a company. Director A holds 65% and director B holds 35% stake.
Director B want's to exit since company's performance is very poor.
From starting of company, no salary was taken by director B for one year, but he was developing software.
Now he does not want to continue because of poor performance of the company.
Now director B wants to exit, but Director A is denying saying that Director B can only exit if he signs non comete clause means i can not sell similar software anywhere else after leaving company.
Any idea?
What should be the solution to this?