Partnership disputes, if left unresolved can be disruptive to your personal life and have a significant impact on the business. To mitigate any damage, seek legal advice as soon as possible
At Appius Lawyers, we aim for an early resolution to align with our client’s desired outcome.
If necessary, we have the skills and ability to litigate a dispute and in doing so will ensure that all is done to achieve the best outcome.
We can help resolve your partnership dispute by:
- Advising you of your rights and obligations in the partnership/under a partnership agreement
- Drafting documentation and settlement deeds
Appearing for you in court proceedings - Identifying potential problem areas in your business with our business check-up to avoid future issues and disputes
Whether you are starting a Partnership or looking at dissolving a Partnership legal advice should be sought. Often times people will look at the short-term rather than the long- term consequences and without proper legal advice you can make decisions that can cost you revenue and missed opportunities.
Some disputes that our partnership lawyers advise on are:
- Conflicting interests
Partners may have different visions for the business or conflicting ideas on how the business should operate. - Departure of a partner
Death or by Retirement at Will When there is no partnership agreement or a poorly drafted agreement, disputes may arise when a partner retires or dies. - Breach of Fiduciary duties
A partnership relationship imposes fiduciary obligations on partners Each partner has a duty to act in the best interest of the business. - Breach of Fiduciary duties
A partnership relationship imposes fiduciary obligations on partners Each partner has a duty to act in the best interest of the business.
Examples of breaches:
– A partner making secret profits
– A partner engaging in an undisclosed activity which is for their own benefit or the benefit of a third party - Misappropriation of business assets
A partner may be using the business assets and business funds for personal benefit which can be costly to the business - Non-performance
or underperformance of a partner - Distribution of profits and capital contributions
There can be disagreements or wrongful distributions that can be clawed back - Regulatory Issues
such as legal, taxation or accounting
At Appius Lawyers, we know that no two businesses are built the same. This is why you will always find focused, tailored advice with our partnership lawyers that is right for your business goals.
