All too often business partners find themselves disagreeing with each other and this can lead to disastrous consequences for their business.
If you have a shareholder agreement (if a company) or a partnership agreement (if a partnership) then this should provide the basis on which resolution can be reached, but these are often complex documents which require interpretation.
If you do not have any formal agreements in place regularising your business arrangements then the position is often far more complicated and protracted and one that requires delicate handling. For instance, if you and your business partner do not have a partnership agreement in place then the law that governs how to deal with any dispute that you may have, dates back to the Partnership Act 1890.
We assist many of our clients in attempting to resolve their disputes with as little detrimental effect to their business as possible. Often this will involve compromise from both parties but if compromise is not possible then we have specialist lawyers available to assist with any Court or other formal proceedings necessary to resolve the dispute.
