Partnership Dispute Resolution

What is a Business Partnership Dispute?

Partnerships exist in any type of business where you have co-owners and often involve complex, sensitive, and emotional relationships. Business partnerships are often considered “marriages in business” because they are generally close and personal relationships. Like most marriages, a business partnership dispute is likely inevitable during the course of business and left unchecked they can become incredibly damaging to the company and the people that work there.

Causes of Partnership Disputes

A few common causes of partnership disputes are,

• Poor communication practices between partners.
• Disagreements on how the business is managed.
• Disputes over the direction of the company.
• Disagreements over resource and money allocation.
• Alleged misconduct by partner(s).

The Right Time to Find a Partnership Dispute Lawyer

When a dispute arises, it is usually best to attempt to find a resolution outside of the courtroom. Sometimes all that is needed is a skilled attorney who can act as a business therapist of sorts to bring the business partners together, find out exactly what the dispute is, and facilitate amenable negotiations to resolve the dispute.

Sometimes there is no resolution that the partners can agree on, a partner is unwilling to negotiate, or the subject of the dispute is so egregious that it would not be in the businesses best interest to negotiate the dispute. At this point, litigation may be necessary.

Asking yourself the following questions may help you decide if it is finally time to call a business attorney to help resolve the dispute.

• What do I have to gain? Litigation expenses can add up fast and even exceed the value of the dispute itself in many cases.
• What do I have to lose? If you don’t stand to lose much, you may be willing to handle the issue on your own. The higher the stakes, the more likely you’ll want an attorney on your side.
• Will someone be leaving the partnership? Partnership separations are complicated and if done improperly, can result in liability issues for both the exiting partner(s) and the remaining partner(s). Having an attorney who knows what issues to look for can save you from facing liability down the road.

Call us today and see how a Partnership Dispute Attorney might be able to assist you, and future fees, pricing, and options associated with that service.