Palm Beach Gardens, Vero Beach & Wellington Partnership Dispute Attorney
When individuals enter into a partnership together, the occurrence of a partnership dispute that is serious enough to warrant legal intervention is the furthest thing from their mind. However, disagreements about growth strategies, division of profits, branding, and more often result in disputes that require the help of a legal professional. If you find yourself involved in a partnership dispute in Florida, our experienced Palm Beach Gardens, Vero Beach & Wellington partnership dispute attorneys can provide you with the legal guidance and support you are looking for. We have helped countless partners in businesses develop effective solutions to disagreements and legal disputes.
Common Causes of Partnership Disputes
Business partners are bound by fiduciary duties and obligations, and a breach of these duties can result in not only a dispute, but can also be incredibly damaging to a business’ growth, future, profits, and reputation. While the root cause of every partnership dispute will differ, some of the most common sources of dispute include:
- Diversion or misappropriation of assets;
- Breach of contract;
- Acts of fraud;
- Lost business opportunities;
- Real estate disputes;
- Desire to dissolve a business.
Because profits and losses of a partnership are passed through directly to partners, a partnership dispute can affect not only a business, but an individual’s financial well-being as well. This can make partnerships especially complex and emotional.
Resolving Complex Partnership Disputes
Unlike many other types of business disputes, partnership disputes are often rife with animosity because of their personal nature; most partners are friends as well as business associates. This can lead to the quick escalation of a situation, which can be damaging for a business. At the law offices of Markarian & Hayes, we help our clients navigate through all of the difficult elements of partnership law, and seek to resolve disputes before they get out of hand. We employ strategies to resolve disputes out of court to save our clients money and time. During a partnership dispute, we can provide you with legal assistance and aid you in:
- Understanding partnership and contractual obligations;
- Investigating all claims of breach of partnership, misappropriation of funds, and other myriad issues that are at the foundation of a dispute;
- Representing you during negotiations for reparations or/and resolution; and
- Litigating on your behalf if an out-of-court agreement cannot be reached.
In the event that the partnership dispute cannot be solved through mediation, our experienced business attorneys can also assist you during the dissolution of a business. Voluntary dissolution – where both partners are in agreement about the dissolution – is the easiest type of dissolution, although there are still many legal issues to handle during a voluntary dissolution, such as how assets will be divided and how debts will be paid. The other type of business dissolution is involuntary dissolution. For an involuntary dissolution to take place, one of the partners in the business must file a civil action, and the court will make a decision about the dissolution and distribution of any assets.
If you are unsure about whether or not dissolution of a partnership and a business is the best strategy moving forward, we can provide you with legal guidance. While dissolution is rarely the only choice, it may be the best one when mediation has failed, there are looming negative feelings between partners, the law has been violated, fraud has occurred, or a contract has been breached.
There Is A Lot at Stake During a Partnership Dispute
When you and your business partner are in the middle of a dispute, there is a lot at stake. Not only is the health and longevity of your business likely in question, but your friendship, your personal finances, and your investments of time are also on the line. Further, because profits and losses in a partnership are tied directly to your personal finances, a partnership dispute could also be damaging to your family, leaving you with questions about how you will provide for your loved ones. As a member of the community, you may also face damage to your reputation, which can be alienating and embarrassing. We understand how much is at risk when a dispute is present, and how much you could lose if that dispute is not resolved. Our attorneys will work hard to resolve the dispute effectively within a timely manner.
Why You Should Work with the Law Offices of Markarian & Hayes
Making the decision to seek legal aid in the midst of a partnership dispute is not always easy, but when so much is at stake, calling a legal professional is the smartest thing that you can do. At the Law Offices of Markarian & Hayes, we are business-minded problem solvers with developed critical thinking and reasoning skills, a reputation of success, and decades of experience under our belt. In fact, we have been serving businesses in the communities in the state of Florida for more than 30 years, and pride ourselves on client trust and excellence in service.
We represent partners of all types of business, small and large throughout the state of Florida. Our goal is to provide you with the tools and legal support necessary to resolve your partnership dispute as quickly as possible, while emerging from the ordeal with your best interests intact. We can negotiate on your behalf, help to prove a civil or criminal wrong, gather evidence, and litigate in court. We provide you with support in and out of the courtroom, and are ready to answer all of your questions.
If you have more questions about what to do in the event of a partnership dispute, please contact our law offices today. Our talented Florida partnership dispute attorneys are ready to help you achieve the best resolution possible. Your initial consultation is free, so do not delay in taking action. You can reach us by phone, or tell us more about your legal needs by filling out our online form. All information you share with our law offices is completely confidential.