Partnership Disputes
Do you operate a general partnership or a limited liability partnership and is there a dispute between your partners? Partnership disputes can be complex to navigate and can have a considerable impact on the operation of your business. We can guide you through a partnership dispute, acknowledging the commercial context in which the dispute sits, and support you at each stage to find a satisfactory outcome.
Partnership agreement
A partnership agreement is often the starting point when a dispute arises between partners. If you have a written agreement in place, it will set out the rights and responsibilities of each partner and may also include provisions that govern how disputes should be resolved. We can advise you on the terms of the agreement and how they affect your position and the options available to you. If there is no written partnership agreement, we can also advise you.
Partnership assets
Disputes over partnership assets can be complex, particularly where there is disagreement about ownership, valuation, and distribution. We can advise you on how partnership assets are held and how to navigate a resolution. Our team will work with you to protect your interests and achieve a practical outcome that supports the future of the business.
Exit of a partner
Whether you are looking to remove a partner or to exit a partnership personally, we can advise you on the steps to take to achieve that and how to handle any dispute that may arise. Implementing an exit strategy that has minimal impact on the operation of your business is our priority.
Dissolution or winding up
Bringing a partnership to an end can be straightforward when all partners agree on the way forward, but it still requires careful planning and implementation. Sometimes, dissolution is triggered by unexpected events such as the death of a partner or a breakdown in relationships between partners. Our experienced team can provide clear advice on your options, explain the next steps, and help you navigate the process with confidence.
Questions we’re often asked
We would always recommend taking advice at an early stage to see if the issues can be narrowed and a resolution obtained quickly. We can also advise you on how to document internal matters that may be of significance if the dispute develops.
There is a range of options available from alternative dispute resolution, such as mediation and settlement meetings, to formal court proceedings in which you seek a determination from the court.
There is no fixed timescale for resolving a partnership dispute. The length of the process will depend on a range of factors, including the chosen method of dispute resolution and whether a negotiated outcome is possible. Our focus is always on achieving the most effective outcome as efficiently as possible.
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For more information or a no obligation discussion, please call or email our team today.
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