QFC 0029/2022, [2023] QIC (F) 28

Zaid Al-Salman v Rashid Al-Mansoori

This case involved an exit agreement where one shareholder in an accounting business was transferring their shares to the other. The agreement included provision for the departing shareholder to receive a percentage of listed accounts payable amounts when they came in. Issues included if there was an implied term involving the remaining shareholder's liability to ensure these amounts were achieved. A seperate issue involved if there had been a breach of a clause for the remaining shareholder to support the transfer of the departing one to a new employer/sponsor or if they had induced the new employer to breach the contract and terminate the departing shareholder's employment..

Background