Los Angeles Partnership Dispute Attorney

Comprehensive Guide to Partnership Disputes in LA

It is an unfortunate fact of life that partners sometimes have disagreements that they are unable to resolve by the usual means of communication, mediation or arbitration. In these cases, litigation is the final option for resolution. If you find yourself in this situation with your business partner, a dedicated Los Angeles partnership dispute lawyer from The Mirkhan Law Firm can help you to determine the best possible way to achieve effective resolution.

Common Causes of Partner Disagreements in Los Angeles

Disputes between partners can be based upon a wide range of issues. The partners may agree to end the partnership, but are unable to agree on the terms of the buyout. As partners get older, they begin to consider what will become of their financial situation upon retirement. If issues arise out of trying to figure out finances for each partner upon retiring, this could amplify other minor disputes and result in a company split.

A violation of fiduciary duties or a breach of contract may also be the cause of the legal action. When one party does not hold up to their responsibilities it can cause grounds for serious tension. This may include not paying for certain expenses, not completing necessary work or failing to take part in pertinent company events. Without the legal help of an outside party, it may be near impossible to solve these types of conflicts.

There may also be significant issues between family members within the business itself that develop into a major dispute. Emotions often run high in partnership disputes involving family members, as the partners may derive a good portion of their personal identity from their company. They also typically have invested a great deal of time and effort into the success of the business. Often the only way to resolve these situations is with a discussion between all the parties with a mediator.