Resolving Partnership Disputes with Expertise and Confidence
Protecting Your Business from Harmful Partnership Conflicts
A dispute with your business partners is the greatest threat your business may encounter. A partnership dispute can result in lost profits and the loss of your business. That is why handling disputes early is important. The experienced Partnership Dispute Attorneys at The Darvish Firm, APC represent individuals, Corporations, Limited Liability Companies, Limited Liability Partnerships, and Joint Ventures with regard to a variety of business dispute matters. We will investigate the circumstances surrounding the issues raised regarding the partnership dispute and assist you in implementing measures so that your rights are protected.
Partnership disputes can range from shareholder/partnership disputes to fraud and breaches of contracts. When it comes to business litigation cases in Los Angeles, our Attorneys are here and ready to provide you with experience, expertise, diligence, and reliability to fight for or defend your rights.
Under California law, business partners owe each other a fiduciary duty and obligations. These fiduciary duties not only relate to the business but also opportunities that may be only related to the business. Many times, the disputes with partners often include a claim that one partner has breached their fiduciary duty against one or more of the other partners. This can include but is not limited to breach of contract, fraud, misuse of partnership funds or misappropriation of funds or assets. There could also be disputes over the corporation in a divorce or probate proceeding. It is important to understand your rights and obligations in relation to your business associates and partners.
When issues arise, they often arise from Disputes over business decisions, cash flow shortages, economic pressures caused by a change in a partner’s “personal life” or the prospect of greater business success.
Often removing one partner from a partnership is a question most often asked. Partnership agreements often dictate the terms of removal which may be a complex legal matter. There are remedies however that the law affords such as dissolving a Partnership. Usually, when the rift or dispute in the partnership cannot be repaired, our advice would be to dissolve the Partnership.
Even though a Partnership can be completely dissolved, there are mechanisms to change the authority and ownership interest of each partner or continue by one or more partner(s). The dispute may be dealt with through dispute resolution such as negotiation, mor ediation, or maybe resolved through arbitration or litigation.