Lawyers for Business Partnership Disputes

Resolve Disputes Efficiently and Effectively to Ensure Your Business’s Continuity and Prosperity

Resolving partnership disputes often requires open communication, negotiation, mediation, or arbitration. In some cases, legal action may be necessary to settle the dispute, especially if it involves breaches of contract or fiduciary duties. Addressing potential conflicts early can help prevent lengthy and costly litigation.

Partnerships are built on trust and shared vision. As a partner, you owe each other loyalty, good faith, and fairness duties. 

These are called fiduciary duties. 

Breaches of fiduciary duty include:


Financial Disputes: These often involve disagreements over profits, losses, distribution of funds, salaries, bonuses, investments, or financial mismanagement.

Management Disputes: Differences in opinion regarding the day-to-day operations, strategic decisions, managerial roles, or decision-making authority within the partnership.

Breach of Contract: Disputes may arise when one partner fails to fulfill their contractual obligations, such as non-performance of duties, violation of partnership agreements, or failure to adhere to established guidelines.

Ownership Disputes: Conflicts over the ownership percentage, equity shares, valuation of assets, or changes in ownership structure can lead to disputes among partners.

Misappropriation of Funds or Assets: Allegations of embezzlement, fraud, theft, or misuse of partnership resources can lead to serious disputes between partners.

Competing Interests: Conflicts may arise when partners have conflicting personal or professional interests that affect the partnership’s goals, direction, or reputation.

Personality Conflicts: Differences in personalities, work styles, or communication styles among partners can escalate into disputes, affecting collaboration and decision-making processes.

Non-compete and Confidentiality Breaches: Disputes may arise if a partner breaches non-compete agreements, discloses confidential information, or engages in activities that undermine the partnership’s competitiveness.

Exit Strategies and Dissolution: Disputes can occur when partners disagree on exit strategies, retirement plans, or the dissolution of the partnership, including the division of assets and liabilities.

Disputes Over Expansion or Diversification: Conflicts may arise when partners have differing opinions on expanding the business, entering new markets, or diversifying operations.

 

Why Choose Achkar Law?

Whether it is a general, limited, or limited liability partnership business, our lawyers have an exceptional track record of positive outcomes dealing with companies of all sizes across several industries from simple to complex partnership disputes.

Assessment and Strategy

We will conduct a comprehensive assessment of your partnership dynamics and dispute circumstances. We will then propose a strategic plan tailored to your specific needs and objectives.

Constructive Communication

We foster open and transparent communication channels to facilitate constructive dialogue and negotiation to achieve mutually acceptable resolutions.

Efficient Resolution

We leverage a range of dispute resolution mechanisms, including negotiation, mediation, arbitration, and litigation, and pursue the most advantageous avenues that best serve your interests and objectives.

Risk Avoidance

We will proactively identify and mitigate risks associated with partnership disputes, guiding you through potential pitfalls and minimizing exposure to liabilities.