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Paths to a reasonable resolution in a partnership dispute

On Behalf of | Dec 3, 2021 | Business Law Litigation

Florida business partners share the rights and responsibilities that come with owning and operating a small business. Over time, these relationships can erode, or disputes can arise suddenly over a specific issue. Regardless of the source, a partnership dispute has the potential to cause serious harm to the overall well-being of the company. A timely and reasonable resolution to these concerns is critical.

Possible options for partner

There are times when it is possible for contending partners to come to a reasonable resolution to their concerns through conversation and discussion. However, it is often necessary to employ more formal methods to resolve these problems. Some options include:

  • Mediation – This process includes a neutral third-party that will facilitate, encourage and lead discussions between parties.
  • Negotiation – Calm, formal and organized negotiations between parties can lead to beneficial and practical solutions that are satisfactory to both parties.
  • Court action – When other methods fail, legal action may be necessary. By bringing the concern before a judge, the two parties can fight for what they believe is a fair outcome.

Partnership disputes can be complex, and they can affect the health of the company. It’s wise to seek a resolution to the concern as quickly as possible.

Look at long-term interests

Strong emotions can play a factor in partnership disputes, but feelings may not dictate what is practical and best long-term. A Florida business partner may benefit from working with an attorney in order to understand how he or she can fight for the best possible outcome. With guidance, pursuit of a reasonable resolution is more likely to be successful.

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