Partnership Disputes

A partnership begins when two or more people join together to start a business venture.

Unfortunately, as with many close relationships, conflicts often arise. Partners may disagree on finances, hiring, roles, and other important aspects of running a business. If these disputes are not addressed, the business can lose profits or the partnership may end.

Partnership Dispute Resolution

An agreement that expressly details dispute resolution is imperative for any partnership. Whether you need assistance in creating such an agreement or resolving a dispute, we are here to help.

Thrift McLemore understands that a partnership is a blend of professional and personal relationships and that disputes can exacerbate preexisting frictions. Our attorneys bring an unbiased, legal viewpoint to the situation. We will work to resolve matters between the partners or help to dissolve the partnership if that is the best outcome for all parties.

Acting as mediators, we strive to resolve partnership disputes without lawsuits or other court interventions and realign the partnership to support future success. If a dispute cannot be resolved through discussion and mediation, we will represent a partner in a litigation process.

Common Causes of Partnership Disputes:

• Failure to delineate authority;
• Disputes regarding how resources should be used;
• Failure to fairly distribute workloads;
• Differing visions for the company;
• Misappropriation of assets or business opportunities;
• Fraudulent activity;
• Breach of contract;
• Interference with a contract;
• Real estate disputes;
• The division of assets during dissolution; and
• Lost business opportunities.