Brandon Partnership Disputes Attorney

People seldom foresee conflict when forming a business partnership. Unfortunately, many end up disagreeing on major issues or suspecting embezzlement. To prevent such conflicts and costly lawsuits, partners often include dispute resolution clauses in their agreements. But even with these provisions, resolving issues can be tough. If you’re facing partnership troubles, it’s crucial to talk to our knowledgeable attorney at Clearwater Business Law. We’ll guide you through your legal options.

Main Causes of Partner Disagreements

Legal fiduciary duties bind business partners in Brandon to each other. Breaching these duties often results in conflicts that can harm a business’s reputation, growth, and profits. Common causes include asset misappropriation, fraud, breach of contract, interference with contracts, real estate disputes, division of assets during dissolution, lost opportunities, and differing company visions. Mediation is a viable option for resolving such disputes without going to court.

Effective Mediation Strategies

Mediation is non-adversarial, increasing the chances that parties can maintain a cordial relationship or remain in business together once they reach an agreement. Unlike adversarial processes, mediation encourages collaboration with a neutral third party to achieve a solution that satisfies both partners. It also keeps disputes private, protecting reputations and business operations. However, mediation is not always an option, especially with fraud or criminal allegations. Parties attempting mediation should have an attorney’s guidance, so contact a knowledgeable business lawyer to protect your interests.

FAQs by Brandon Clients

How does Florida law handle partnership disputes?

Florida law provides legal frameworks for resolving disputes through negotiation, mediation, arbitration, or litigation.

Can a partner be removed from the business?

Yes, but it usually requires following the terms outlined in the partnership agreement or, if necessary, legal intervention.

What happens to the business if partners can’t resolve their dispute?

The business may dissolve, or one partner may buy out the other, depending on the terms of the partnership agreement.

Get in Touch with a Professional Brandon Partnership Dispute Attorney

In a partnership, each person is liable for the company’s debts and obligations. This makes disputes between partners particularly damaging, affecting not only the business but also personal finances and well-being. At Clearwater Business Law, we get it. If you’re in Brandon and have a partnership conflict, call us at (727) 785-5100. An experienced business attorney will help you.