February 22nd, 2021

​𝗣𝗔𝗥𝗧𝗡𝗘𝗥𝗦𝗛𝗜𝗣 𝗗𝗜𝗦𝗣𝗨𝗧𝗘𝗦 𝗖𝗔𝗡 𝗔𝗥𝗜𝗦𝗘 𝗜𝗡 𝗔 𝗩𝗔𝗥𝗜𝗘𝗧𝗬 𝗢𝗙 𝗪𝗔𝗬𝗦

A partnership dispute has the potential to have a significant impact on a business’s profitability and the morale of any employees that the partnership may have. As a result, it is important to resolve these disputes as quickly and with as little disruption to the normal operation of the partnership as possible. There are many different ways in which a partnership dispute may arise. Some of the kinds of disputes that our attorneys routinely handle include the following:
-Negligent management
-Terms of dissolution
-Breach of fiduciary duty
-Breach of non-compete agreements
-Self-dealing
-Breach of non-disclosure agreements
-Misappropriation of assets
-Fraud
-Partnership agreement disputes
-Asset division
In many instances, retaining legal counsel before a partnership dispute arises is the best way to avoid conflict at a later time. By consulting an attorney during partnership formation, you can ensure that your partnership agreement is well-drafted and addresses all of the various issues that may arise in the course of business. In some cases, a lawyer will alert potential partners to potential issues that they had not even considered prior to talking to an attorney. The initial investment associated with consulting with an attorney is usual far offset by the money that you will save by not having to go through costly and time-consuming litigation that could potentially destroy your business.