Four Reasons To Hire A Lawyer To Help With A Partnership Dispute In Florida
Partnership disputes are among the most challenging types of business conflicts to navigate. Not only do these disputes have the potential to cause harm to the business, it can be hard on a personal level to prepare for a legal battle with a long-term business partner. Professional legal counsel can make a big difference. In this blog post, our West Palm Beach partnership dispute lawyers highlight key reasons why you should hire an attorney to help you navigate a partnership dispute.
- Understand Your Rights and Responsibilities
First and foremost, it is crucial that you understand your rights and responsibilities in relation to the partnership dispute. In Florida, your rights and responsibilities as a business partner derive both from state law and from any partnership agreement that you entered. You can benefit from setting up a confidential, comprehensive consultation with a partnership lawyer as soon as possible after a dispute arises. Among other things, your Florida partnership law attorney can:
- Listen to your story and answer your questions;
- Review your partnership agreement and other documents;
- Investigate the matter—gathering any pertinent evidence; and
- Explain the next steps that you need to take.
- Reduce Your Risk of Professional and Personal Liability
Professional and personal liability are major concerns in partnership disputes. You do not want to face liability—either to your business partners, your clients/customer, or your vendors/suppliers. A Florida partnership law attorney will be able to help you navigate the dispute in a manner that best protects you from the risk of professional and personal liability.
- Increase Your Chances of a Timely and Cost Effective Settlement
Even a serious partnership dispute does not always mean that a lawsuit will be required. An experienced Florida partnership law attorney can help you evaluate every option for reaching a timely and cost effective settlement that effectively protects your rights and interests. In some cases, you and your partner may be a good candidate for mediation.
- Protect Your Legal Rights and Financial Interests
Finally, a partnership lawyer will protect your legal rights and financial interests through every step of the process. Beyond ensuring that your responsibilities are met, taking action to reduce your risk of liability, and proactively working towards a cost-effective settlement, your Florida partnership dispute lawyer will also prepare your case for litigation. If a lawsuit is necessary—whether you are the plaintiff or the defendant—an experienced Florida partnership attorney can put together the strongest possible case on your behalf.
Set Up a Confidential Case Evaluation With a Florida Partnership Law Attorney
At Pike & Lustig, LLP, our Florida business lawyers have deep experience helping clients navigate the complexities of partnership disputes. If you are locked in a legal or commercial conflict with a business partner, we are here to help you find the best path forward. Give us a call today to set up your strictly confidential case assessment. Our firm provides partnership representation throughout South Florida, including in West Palm Beach, Fort Lauderdale, and Miami.