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Business partnerships can be highly beneficial to the long-term success of a company but they are also one of the most complex components. When partnerships encounter unfavorable conditions, it can shake a company to its core and even lead to its demise. Our goal is to resolve the dispute in a way that provides the best possible outcome for you and your company and is least invasive to daily business operations.

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.

Time to Hire a Lawyer?

Call us for a free 15 minute no obligation consultation with one of our partnership dispute attorneys today.

Finding the Right Dispute Attorney

L4SB is an active small business community member. In fact, many members of our team own or have owned diverse and successful businesses and have first-hand experience navigating their company through a tough dispute. Combine this with decades of business dispute resolution and litigation experience and you have an energized law firm empowered to obtain positive results for you and your business.

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