Category Archives: Partnership Disputes
Five Tips for Resolving a Partnership Dispute Through a Buyout
Are you involved in a difficult dispute with a business partner? There may be no reasonable path forward for both you and your partner to remain in the business. However, that does not mean that you need to resolve your issue through litigation. In some cases, negotiating a buyout can be a cost effective… Read More »
Do Business Partners Have the Right to Enter a Contract On Behalf of the Entire Partnership?
When you enter a business partnership, you need to be sure that you have the right partner. Business partners in Florida must put a great deal of faith in each other’s hands. You may be wondering: Can one business partner enter into a contract on behalf of the entire partnership? The short answer is… Read More »
What is the Role of a Mediator in Mediation of a Partnership Dispute in Florida?
Mediation can be one of the most effective methods to resolve a partnership dispute. Even when business partners are locked in a serious disagreement, there is often still a path towards an amicable resolution. The mediator—a neutral, independent party—plays an important role in the mediation process. Here, our West Palm Beach partnership lawyers explain… Read More »
When is an Accounting the Right Solution for a Partnership Dispute in Florida?
Are you locked in a dispute with a business partner in Florida? Undoubtedly, you are looking for the most efficient, cost-effective resolution that properly protects your legal rights and financial interests. In Florida, an equitable remedy called “an accounting” can be an effective tool to solve complex partnership disputes. Though, it is not the… Read More »
Do We Still Need a Partnership Agreement If We are Starting a Family Business?
Are you preparing to enter into business with a family member? A partnership—whether a limited partnership (LP) or limited liability partnership (LLP)—may be the right legal structure for your company. You may be wondering: Is a partnership agreement still necessary for a family business? The short answer is “yes”—there are a number of different… Read More »
I Want Out of My Business Partnership in Florida—What are My Options?
Are you seeking an exit from your business partnership in Florida? The complexities surrounding partnership dissolutions require careful consideration of available options. Here, our West Palm Beach partnership lawyer explores the various avenues available to individuals looking to sever ties with their business partners in Florida. Step #1: Thoroughly Review Your Partnership Agreement Before… Read More »
Can I Make My Business Partner Invest More in the Partnership in Florida?
A successful business partnership will generally require a significant investment of resources—time, money, etc—on the part of the business partners. You may be wondering: What options are available if my partner is not investing enough into our business? In Florida, the answer depends primarily on the terms of your partnership agreement. Here, our Miami… Read More »
We Do Not Agree On the Meaning Of Our Partnership Agreement—What are Our Options?
Every business partnership in Florida needs a well-drafted partnership agreement in place. The agreement is effectively a contract that helps to form the foundation of the business relationship, including setting up the rights and obligations of each business partner. Of course, even with a strong partnership agreement, disputes can still arise. What happens if… Read More »
Essential Legal Considerations for Business Partnerships
Forming a business partnership can be a promising venture. The excitement of starting a new enterprise is considerable, however you must be careful. It is essential to lay a solid legal foundation to prevent potential conflicts and avoid any future litigation. The following are some of the most essential legal considerations for business partnerships:… Read More »
Can a Business Partner Take a Commercial Opportunity for Themselves?
What happens if your business partner decides to forgo an opportunity for the company and instead use it for themselves or one of their other businesses? Do you have any rights or options in Florida law? The answer is “yes”—though, the specific circumstances always matter, including the type of business you have, the nature… Read More »
Involved In A Partnership Dispute? A Revised Partnership Agreement May Be An Option
A dispute with your business partner can cause significant damage to your underlying business. It can also cost you a lot in terms of time, personal expense, and stress. As a general rule, it is advised that business partners locked in a dispute carefully consider every available option for a low conflict, collaborative resolution…. Read More »
Four Signs You Need An Attorney For A Partnership Dispute
Are you locked in a dispute with a business partner in Florida? These are matters that can be particularly difficult to navigate. Partnership disputes should be handled proactively and with the proper care. Of course, not every disagreement between business partners is a full blown legal dispute. At the same time, you need to… Read More »
My Business Partner Breached Our Partnership Agreement: What Are My Remedies?
A partnership agreement is a core founding document for business partnerships in Florida. Each partner should abide by their contractual duties. When they fail to do so, it can cause personal and/or professional problems for their business partner. This raises an important question: What options are available to handle a breach of partnership agreement… Read More »
Resolving A Business Partnership Agreement Over An Uneven Workload
Partnerships can be complex businesses. By the very structure of the business, the partners must rely on each other—including to pick up their fair share of the workload. What happens if one partner is not caring about their weight? It could lead to hard feelings, business issues, and even a legal conflict. Here, our… Read More »
Resolving A Dispute Over A Foreign Limited Partnership In Florida
Are you a business partner in a foreign limited partnership (FLP) in Florida? It can be an advantageous legal structure for many different reasons. However, commercial disputes and legal disputes can arise between the partners of a FLP. A proactive approach is a must when addressing any type of partnership dispute. Here, our West… Read More »
Locked In A Partnership Over Distributions In Florida? Here Is What You Should Know
A partnership is a profit making entity. Internal disputes between business partners can arise for a wide array of different reasons. Though, a significant portion of partnership disputes are over money. It is not uncommon for partners to get locked in a dispute over distributions. Here, our Florida partnership law attorney highlights the key… Read More »
Business Partnership Breaking Up? How To Proactively Protect Your Rights
Breaking up with a partner is a difficult thing to do—and a business partner is no exception. If it is time for you and your business partner to go your separate ways, it is absolutely essential that you take proactive measures to protect your legal rights and financial interests. Here, our Palm Beach County… Read More »
Why A Buy-Out Can Be An Effective Way To Resolve A Partnership Dispute
Business partnership disputes are hard. They can take a tremendous emotional and financial toll. A proactive approach is key in these cases. You do not want to end up in a drawn-out dispute that causes avoidable damage to the underlying business. A buy-out is one potential tool to resolve a partnership dispute. Here, our… Read More »
Jay-Z, Bacardi End High-Dollar Partnership Dispute Over Alcohol Brand
According to a report from Bloomberg Law, hip hop superstar and business mogul Jay Z (Shawn Carter) has settled a long standing partnership dispute with the Bacardi Limited. The commercial dispute was centered around a joint venture the parties had related to D’Usse Cognac. As part of the settlement agreement, the company has reportedly… Read More »
What Happens If A Business Partner Steals From Your Partnership?
A partnership is a type of business entity. Partners are required to put a great deal of trust in each other to act in good faith. Unfortunately, this does not always happen. You may be stuck with a business partner who has stolen money from the company or otherwise committed fraud. This raises an… Read More »
