Massey Law Firm PLLC

Want to avoid or resolve a partnership dispute? Here are some issues to be aware of.

When you and your business partner decided to start a new company, your mutual feeling was undoubtedly one of optimism and excitement. What happens, though, when things don't go as planned?

There is always risk in business, but you can minimize your risk with solid contracts, including a carefully devised partnership agreement that anticipates possible problems. In some cases, though -- and particularly those that lack a partnership agreement -- litigation may be the only way to settle a dispute between partners. Depending on your particular situation, an effective litigation strategy may also be the difference between serious financial losses and protecting your livelihood.

Partnership Concerns To Be Aware Of

Resolving any kind of partnership dispute through out-of-court negotiation -- rather than litigation -- is generally preferable. However, the kinds of disputes that can be resolved outside of court can also easily lead to lawsuits.

Partnerships typically become contentious over the following concerns, all of which a good partnership agreement can address:

In these matters, the clearest path forward is not always obvious, particularly if your main focus has been on starting and running a business, and not so much on dispute-related legal issues. Experienced business owners typically seek the help of experienced business litigation attorneys when a potentially costly dispute arises.

If you have questions about business litigation and related matters, our FAQ is a good resource.

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Massey Law Firm PLLC
601 Sawyer St.
Suite 225
Houston, TX 77007

Phone: 346-800-6101
Fax: 713-588-8437
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