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Working it Out

by | Mar 7, 2021 | Firm News |

There are a variety of ways in which business partners can sever their relationship. They vary from amicable to acrimonious; from simple to highly complex.

The method by which partners separate is generally dissolution. In highly combative situations, dissolution can be ordered by a Court. It can also be accomplished by statutory rules. Where the partners have a written agreement that foresees dissolution issues, dissolution may be accomplished by reference the the contract terms. Finally, the partners can simply work it out and agree upon dissolution terms that are mutually beneficial at the time.

The litigation of partnership disputes can be expensive, time-consuming, unpredictable, and aggravating for the litigants. I thoroughly enjoy litigating these matters, as they provide interesting factual and legal issues for me as a practitioner. Nevertheless, if you are not getting along with your business partner, before going “all in” with a litigation strategy, you should consider making your best attempt to work things out amicably.

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