Category Archives: Partnership Disputes
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 »
Partnership Disputes: Navigating Cases With Partners Who Are Also Employees
Every company needs the right structure in order to succeed. For many different types of businesses, a partnership—whether a general partnership (GP), limited partnership (LP), or limited liability partnership (LLP)—may be the best option. By definition, business partners must put a great deal of faith into each other—especially so when a partner works for… Read More »
Can A Business Partner Be Held Liable For The Partnership Is Underperforming?
Entering a business partnership is a big decision that requires careful consideration and due diligence. It is important to clearly define the terms of the partnership through a written agreement and to establish a solid foundation of trust and mutual respect. It is also crucial to ensure that both parties have a shared vision… Read More »
