Rockland County Partnership Dispute Lawyer

Your Rockland County, NY partnership dispute lawyer can help keep the gears turning so you can focus on what really matters. Running a business should be your top priority, but a partnership dispute can derail your progress and knock you off your game. That’s why you need Kantrowitz, Goldhamer, Graifman, Perlmutter & Carballo, P.C. Since 1975, we’ve been helping our clients with all types of cases, including business disputes and partnership disputes alike. Now, we’re ready to help you next. Read on to learn more about partnership disputes, and contact us today.

Common Reasons For Partnership Disputes

There are many reasons for partnership disputes. In some cases, one partner may feel that they have less say in the direction that the company takes. In other cases, partners may disagree over compensation, or even credit for creating a new product. Since every company is different, these disputes can take many different forms. But no matter the specifics, your Rockland County partnership dispute lawyer can show you how to handle your next steps. And if you’re proactive, you can steer clear of partnership disputes altogether.

Preventing Partnership Disputes

Most businesses are too big and complicated for one person to run completely solo, so business partnership agreements can keep everyone on the same page while also clearly defining the rights and responsibilities of each partner. Partnership agreements are important documents that can prevent disputes in the future. And when you create a partnership agreement with your lawyer, you can also include helpful clauses that show all parties how to proceed if there’s ever a serious dispute.

Alternative Dispute Resolution

Many partnership agreements include alternative dispute resolution (ADR) clauses. These clauses exist so all parties can follow a systematic process in the event a dispute. Rather than jumping straight to litigation, an ADR clause may require the relevant parties to participate in mediation or arbitration first. This can potentially save time, money, and the relationship you’ve built with your business partners over time. However, there are some factors that can cause you to skip ADR altogether. One of the most important is a breach of fiduciary duty.

Breaches Of Fiduciary Duty

When you’re running a business, you have a responsibility to your other partners. But if a partner willingly disregards this responsibility for personal gain, you should lawyer up. Breaches of fiduciary duty are serious. If one partner is supposed act in the best interests of the company as a whole, but instead acts in his or her own self-interests, it could constitute as a breach of fiduciary duty.

We’re Ready To Help. Contact Us Today.

A partnership dispute can derail your entire operation. Instead of focusing on running your business, you can find yourself embroiled in a bitter fight over how your company should be run. That’s not a path to success. It’s not even a path to staying afloat. It’s a path to delays, frustration, and a slow and drawn out feud that lets your competitors take your market share. To avoid all this, you’ll need the best resolution possible, and you’ll need a legal team you can trust. Contact Kantrowitz, Goldhamer, Graifman, Perlmutter & Carballo, P.C. today, and see what a Rockland County partnership dispute lawyer from our office can do for you.