Partnership Disputes Lawyer
Business partnerships are complicated and rely on all partners working ethically and fairly together to achieve success in the enterprise. Business disputes are common, but many can be handled without the need for litigation or dissolution of the business. However, when one partner commits acts that can jeopardize the business or cause financial harm to their partner or partners, pursuing legal action may be necessary for the affected partners to protect their investment.
Partnerships in business involve contractual responsibilities, and in most cases, fiduciary duty to the other partners. When one partner commits acts of fraud or a breach of fiduciary duty that causes financial harm to the business and their partners, it can become more than just a difference of opinion. If a partner is acting in their own best interests to the detriment of their business partner or partners, a lawsuit may be the best option to gain restitution for damages.
Lawsuits Against Business Partners
Most partnership disputes do not end up with one partner initiating a lawsuit against the other, but in some cases, it is necessary. When the actions committed by a business partner are criminal or jeopardize the financial assets of the business or other partners, a lawsuit may be needed to recover damages. Examples of issues that may lead to one or more partners suing another include:
- Breach of fiduciary duty
- Theft or embezzlement
- Fraudulent business practices
- Contract violations
- Violation of intellectual property rights
Partnership disputes do not always result in complete dissolution of the business. It depends on the dispute and the actions involved. Our legal team at Conley Griggs Partin LLP have extensive experience handling complicated business litigation for our clients. If pursuing litigation against your business partner is necessary, we will work with you to find the most advantageous solutions to protect you and your business, including seeking financial restitution. Contact us to schedule a consultation to discuss your options to resolve your business partnership dispute in your favor.