When business partnership doesn't run smoothly
Friends, family and trusted associates will often go into business together. Sometimes complete strangers will work together and inadvertently form a partnership, which carries with it certain rights and imposes certain duties on the parties, even if they do not realise it.
The protection provided by a Partnership Agreement
Whilst a future dispute can often be something which none of the parties have envisaged, it is surprising how many disputes do arise where no partnership agreement exists.
A properly drafted partnership agreement will often include provisions for the resolution of disputes and set out the specific rights, duties and liabilities of the partners in certain circumstances, notably when a partner leaves, dies or is expelled from the partnership and how that person’s share is to be calculated.
Even where a partnership agreement does exist, arguments about the interpretation of its terms and alleged breaches of it can arise.
Cunningtons can assist you in resolving partnership disputes.
If you require further information as to how we may help you resolve your dispute or to bring or defend a claim please click here to email us and provide brief details of your problem and we will contact you to discuss whether we can help you and, if so, how.