Partnership Dispute Lawyer Irvine, CA
Though smaller than established business entities, such as corporations or limited liability companies, partnerships are still susceptible to experiencing conflicts between parties. When problems do come up, we encourage you to seek professional help from our Irvine, CA partnership dispute lawyer as soon as possible.
Handling business litigation cases over the last 25 years has helped us understand the toll these disputes can take on the business and partners. This is why we at Focus Law LA hold ourselves to the standard of resolving conflicts in the most practical and cost-effective way possible.
How Our Partnership Dispute Lawyer Can Help
It may seem like you should work to resolve an issue between you and a partner on your own—there are only two of you, after all. However, this may be a dangerous approach as there are typically many particulars within the initial partnership agreement. Any sudden changes of heart from either party have the potential to greatly affect the livelihood of the business.
Since partners tend to work together for long periods of time, these disagreements can turn personal without much warning. With this knowledge, our Irvine partnership dispute lawyer will fight to ensure your rights are protected and, ideally, negotiation is reached outside of litigation.
Reasons Why A Partnership May Face Legal Challenges
People have differing opinions all the time. Sometimes they are able to see each other’s perspective without much fuss, but other times there is a great amount of resistance from one side or another. This isn’t good or bad, but it can present unique challenges if you aren’t familiar with business litigation. Below are several sets of circumstances we have seen lead to partnership disputes:
- Terms Of The Partnership Agreement. Without regular review—and potential revision—a partnership agreement can fail to evolve with the company. It is important to revisit the terms of the partnership agreement as a team at least once a year to analyze what may or may not be working. Pent-up frustration can lead to long-term resentment and a general dissatisfaction within the partnership.
- Communication Issues. As with any relationship, the inability to speak your feelings and experience can result in bitterness and a passive-aggressive attitude. Of course it’s easier said than done, but simply scheduling check-ins with your partner biweekly can be a gamechanger in keeping expectations from each other clear and goals for the company prevalent.
- Financial Disagreements. If you are having trouble coming to an agreement on how profits are being distributed or losses are being managed, this can cause friction in the partnership. Even more so if one partner isn’t disclosing their true opinions on how the money is being managed. The success of your business will come from both parties committing to investing in the business’s future.
On your own, it can be difficult to see a way out of a falling out between you and your partner. By teaming up with our Irvine partnership dispute lawyer, you can feel at ease knowing we will support you throughout the process.
Please reach out to our team at Focus Law LA today to discuss your individual situation further.
Get a Consultation Today!
