Partnership Disputes

A partnership is any arrangement where two or more people engage in business together for a common goal. While stakeholders may start out with a mutual objective of achieving success, they may later disagree on a variety of important business issues – especially if the business encounters financial or other challenges along the way. Legal disputes over partnership arrangements, including disputes about whether a partnership was actually formed, can present significant hurdles, detracting attention from running the venture. If not handled timely and properly, partnership disagreements can end up having the unintended consequence of destroying the business completely. Rodman Employment Law is available for consultation and representation in litigation in such instances, and encourages potential clients who recognize the signs of an approaching partnership dispute to contact us immediately. In many cases, the client’s early recognition of the need to engage counsel can be the difference between a good and bad result.

Partnerships go bad for a number of reasons and the longer the dispute lasts, the more insurmountable the conflict can become. It is critical for stakeholders to be cognizant of potential sources of disagreement and address them whenever possible. Written partnership agreements are useful in averting problems – to the extent they adequately address the issues material to the harmony of the partners in the business, but they cannot account for all possible clashes. Therefore, it is essential to recognize disagreements and address them before they deal a devastating blow to the partnership.