Business Partnership Disputes
Resolution of Business Partnership Disputes: Your Peace of Mind, Your Ally
The term “business partnership” covers all types of business ownership arrangements. As business partners, you owe each other loyalty, good faith, and fundamental fairness duties. These duties are called fiduciary duties. Breaches include business partners competing for activities and misappropriating business funds and property. In some cases, this can lead to a lawsuit.
What Are Business Partnership Disputes?
Business partnership disputes arise as a result of various scenarios where the company’s viability is becoming threatened. When this is happening, objectives may be shifting, and distrust among partners may be growing. Ultimately this affects a business’s bottom line.
When this happens, partners may disagree on the company’s direction, the management of the business, and the terms of partnership agreements. Less complex issues may start to grow and become more significant disputes. Ontario’s Partnerships Act governs partner liability and partnership matters. Our business lawyers are well-equipped and can assist in any scenario of business partnership disputes.
How Should Business Partnership Disputes Be Handled?
It is crucial to resolve these disputes as quickly and diligently as possible to avoid lengthy and costly litigation. If a dispute is to reach litigation, our lawyers have the skills needed to represent our clients in their business’ best interests.
Whether it is a general, limited, or limited liability partnership business, our lawyers have vast experience dealing with companies of all sizes across several industries. This experience is providing us with the ability to assist in complex partnership disputes.
Avoiding Business Partnership Disputes
Disputes can arise at any level of a business, from small businesses to publicly traded joint ventures. Regardless of the nature of the business, disputes involving partners can arise over various issues. For example, a partner may accuse another of misconduct, seek to exclude a partner from management, or wish to exclude someone from the business. If these problems are serious enough, business litigation is required to resolve them. Fortunately, a litigation lawyer can help you avoid these pitfalls.
How Achkar Law?
Our business lawyers can assist with varying business partnership disputes, including:
- Partner liability for wrongful conduct
- General liability of the firm
- Dissolution of business
- Sales of business
Contact Achkar Law
Are business partnership disputes causing tension and hindering your growth? Don’t let conflicts fester. Reach out to Achkar Law today, your trusted partner in resolving disputes. Our experienced team is ready to listen, understand your unique situation, and provide tailored solutions to protect your business interests. Start the journey to resolution and partnership harmony by contacting us now.