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Partnership Disputes

We're Known Nationwide for Obtaining the Results Clients Need

Houston Partnership Dispute Attorneys

We Protect Clients By Never Accepting Their Mistreatment

People have disagreements. It is a part of life. However, when disagreements happen within business relationships, it can get a little sticky. A partnership dispute occurs when people who are in business want to dissolve their relationship because of differing goals or opinions. You may have lost trust or respect for your business partner, and whether both parties feel that way or it is one-sided, you have found yourself in the middle of a partnership dispute. You may or may not be surprised to know that most business partnerships do not make it past five years. Dissolution of the partnership is often desired when business partners disagree, but it is distinguished from the dissolution of the firm.

Partnership Disputes & Shareholder Disagreements

Our experienced Texas business law attorneys work hard and act aggressively to maximize our clients' compensation. Our law firm has secured billions of dollars in favorable verdicts and settlements for our clients in a variety of litigation-related cases.

As with many types of disputes and misunderstandings, partnership disputes can be caused by:

  • Arguments over profits
  • Declining revenue
  • Differences in management or business style
  • Difference in opinion over the direction of the business
  • Shareholder agreements
  • Insufficient partnership agreements

Regardless of the cause, the results can be disastrous for your company. Often, a disagreement between key partners can lead to a downward cycle as the people involved start making decisions based more on spite than the true needs of the business.

Partnership disputes can evolve into much more serious business problems such as:

If you believe that a business partner is failing to uphold his or her duties, you should take immediate action to investigate the issue. The quicker you can resolve a dispute, the better for your business—and your bottom line.

Avoiding a Partnership Dispute

There are some ways you can try to avoid a partnership dispute, although nothing is fool-proof. Having defined goals for your business from the get-go can help immensely. If both parties are on the same page as to where the company is going, then you will both have a similar vision. It is also important to establish business roles early on in the partnership. Being aware of exactly what you are both responsible for can help avoid ambiguity, which can lead to confusion and anger.

If you do come to a place in your business partnership where there is a dispute, it will help if you possess a written agreement of what the business relationship was intended to be when you started. Whether or not the dispute leads to the dissolution of the partnership, it is important to get professional help for someone experienced in the field of commercial litigation. It always helps the situation to have an objective party to evaluate your case and organize your affairs.

If you find yourself in the middle of a partnership dispute and you want to seek professional help, contact us. Our firm is made up of individuals who are business-savvy. We can help you.

Partnership Dispute FAQ

Do partnership agreements need to be in writing?

The best way to handle any partnership agreement is in writing and drafted or at the very least reviewed by your attorney. Having verbal agreements leaves too much open to interpretation, and if you enter into a written agreement without your attorney’s help, you could find that your rights and interests are not fully protected. The right partnership agreement can even help prevent disputes. Or, if a partnership dispute does arise, a clear and legally sound document will help with its swift and effective resolution.

Are all partnership disputes handled in court?

Partnership disputes can be addressed inside or outside the courtroom. Depending on the nature of the dispute, whether dispute resolution is outlined in the partnership agreement, and the preference of the disputing parties, a disagreement can be handled through mediation, arbitration, or litigation. Choosing the right method is important, and that’s one of the things you should discuss with your lawyer when a disagreement arises.

What are common grounds for partnership disputes?

Partnership disputes can arise from breaches of contract, when one partner fails to uphold his or her obligations and responsibilities. Disagreements on partnership buyout terms, differences in opinion, and challenges reaching decisions during business growth or decline can all cause serious disputes. Times of change are particularly tumultuous for any business, but they can be navigated when a sound partnership agreement is in place and parties try their best to work with one another to find a mutually beneficial solution. Whether you’re battling it out in court or are considering an alternative method of resolving a dispute, our seasoned professionals at Arnold & Itkin can offer the insight and guidance you need.

You Deserve Help from Powerful Partnership Dispute Lawyers

Our Texas business law attorneys can review your case carefully, working with accountants and other financial experts to collect any evidence necessary to clearly present the facts of your dispute. Whether the best outcome is to dissolve the partnership or recover lost profits, our legal staff will provide you with recommendations that fit your specific business goals. We are ready to handle all of your business and commercial needs. If you need representation or have questions, we can help provide you with the right recommendations to protect your company.

Contact a Houston business law attorney at our firm today to learn more. A consultation is free when you call (888) 493-1629.

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  • $8 Billion Top 3 Largest Jury Verdict in U.S. History Arnold & Itkin LLP tried a Risperdal case against Johnson & Johnson for failing to warn about one of the drug’s most damaging side effects: gynecomastia. Our skill, hard work, and dedication resulted in the third-largest jury verdict ever obtained ...
  • $357 Million Largest Workplace Accident Settlement in Texas history Arnold & Itkin LLP secured a massive nine-figure settlement against a transnational corporation for a workplace incident. The settlement set a Texas record for being the largest personal injury settlement in the state’s history.
  • $205 Million Confidential Settlement Obtained for Numerous Clients Arnold & Itkin reached a record $205,000,000 settlement on behalf of clients after several years of hard-fought litigation. The case settled just before trial was set to begin.
  • $171 Million One of the Largest Confidential Settlements in History Arnold & Itkin worked over the course of several years to represent clients in a case that many other law firms turned down. In the end, we were able to obtain a record-setting confidential settlement of $171 million.
  • $117 Million Largest Single-Event Personal Injury Verdict in Louisiana History Arnold & Itkin represented a pregnant woman who experienced stomach pain and called Acadian Ambulance. The driver of the ambulance drove the ambulance into the back of a sugar cane truck causing the plaintiff's spine to be severed at T4 and for her ...
  • $116 Million Confidential Settlement Arnold & Itkin LLP negotiated a massive nine figure settlement on behalf of their clients after several years of hard fought litigation.
  • $110 Million Record Settlement Achieved for Victims of Defective Products Arnold & Itkin obtained a record settlement for individuals harmed by defective, dangerous products. The result exemplifies our commitment to clients and justice for those seriously injured by the conduct of others.
  • $105 Million Record Settlement for Dangerous Product Victims Arnold & Itkin’s legal team helped represent those harmed by dangerous products. We were successful in recovering a $105 million settlement.
  • $97 Million Massive Settlement Secured for Refinery Workers Arnold & Itkin is proud to share that after months of preparation for trial, our firm was able to secure a huge settlement for clients who were injured in a refinery fire. Find out more now.
  • $92.7 Million Record Settlement for Burn Injury Victim Arnold & Itkin LLP secured a substantial settlement for a man who suffered severe burns in an accident at his job. The settlement set a new record statewide for workers with similar injuries.
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