Partnership Disputes Lawyer In Dallas
Running a company can be difficult alone, but it can be twice as hard with a business partner.
Two people can be of different opinions on how to solve issues such as insufficient funds, too much debt, or adapting your company to suit a new situation.
Disputes can be even more complicated if you never created a well-drafted partnership agreement before opening the business together. If you’ve found yourself in this situation, let us help.
Common Partnership Disputes
You and your partner aren’t the first to have a disagreement over how to run your business.
Some of the most common reasons why business associates argue include:
- Breach of a contract
- Disclosing confidential company information
- Insider trading
- Soured personal relationship
- Insufficient funds to support both partners
- Changes in private circumstances
- Unequal ownership
- Hiring disagreement
- Inability to agree on the direction of the business
- Misappropriation of company assets
Often good communication can resolve many of these issues.
However, when people can’t agree on a solution, you may need to bring in a third party to help resolve the problem.
Resolving Your Partnership Dispute
Before heading straight to court, consider finding a different course of action. The fastest and most inexpensive way to resolve a disagreement between partners is through alternative dispute resolution (ADR). ADR can include arbitration, conciliation, mediation, and/or negotiation
Most of these can be done discreetly and unofficially, so any agreement you come to in a mediation or negotiation meeting can be changed later.Our practice is highly skilled in ADR. Trust us to save you time and money by helping us resolve the conflict between you and your partner.
Our accomplished Dallas business litigation attorney has handled complex business matters across the United States and has helped individuals settle cases on favorable terms. Let our attorney facilitate your mediation or negotiation proceeding to help you create a mutually agreeable solution that will benefit your company.