Business Partnership Disputes And The Part Played By Lawyers

You would hope that falling out with a business partner is a rare occurrence and it can often be a one off

. However the stress caused by such a conflict can be great and your first a foremost aim will be to find a resolution.

You will probably be asking the question "Where do I start?" and "How can I resolve something with someone that I'm not even talking to at the moment!?" Anyone who has been involved in a partnership dispute knows how acrimonious they can get, particularly if the dispute is not addressed at an early stage.

The most logical thing to do would be to speak to business lawyers. Involve someone who has plenty of experience in dealing with disputes and who will be able to help you acknowledge and understand all of the options that you have available. This may seem like an extreme step, but isn't it better to come to the quickest resolution possible rather than having the stress of a long-drawn out process? Time is of the essence, the sooner you act, the more likely it is that your partnership can be saved. If you act quickly it may stop your business from feeling any of the strain from your partnership.

Prevention is better than cure. If one or more lawyers have assisted you and your partner in forming a comprehensive written partnership agreement that covers most eventualities, you are already at a significant advantage if a business partnership dispute arises. If you do not currently have a written partnership agreement, put one together at the next available time. You can contact lawyers if you are unsure about any of the details, so that you have as many aspects of a partnership dispute covered as possible. As every company and its partners are different, there is no "one size fits all" model for a written agreement, which is why it is usually best to seek advice from specialist business lawyers.

Some lawyers can even act as mediators or negotiators for your business as well as providing assistance and representation where litigation is necessary. Although the litigation process will be a last resort in your business partnership dispute, a good, experienced lawyer with excellent negotiation skills can prove to be invaluable. Many people have never been involved in a court case, so court can be a very daunting experience. The use of an experienced lawyer that you have confidence in will somewhat relieve the inertia of attending court.

by: Tim Bishop

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