Chicago Partnership Disputes Attorney
Is your partner ruining your business? We can help!
There are many reasons why good partnerships go bad, from dispute amongst partners to more serious issues such as failure to meet contractual obligations, or even theft. It is vital to your business that these matters be resolved as quickly as possible.
An experienced Chicago Partnership Dispute Attorney, such as Kevin E. Byrnes of FH+H, can assist with the investigation so that you are able to handle the situation efficiently and effectively.
Common Partnership Dispute Causes
All partners disagree from time to time.
It is a common part of business, and can help to ensure that both parties are marking decisions that are in the best interests of the organization.
While having a simple business argument is one thing, a partnership dispute stems from a much bigger and more dangerous issue.
Common causes for Partnership Disputes include:
- Irreconcilable differences between general partners, limited partners, or shareholders
- Failure to honor fiduciary responsibilities
- Failure to comply with contractual obligations in partnership agreement
- Secret business dealings
- Embezzlement or other theft of company property
- Theft or sharing of trade secrets or confidential company information
- Libel or other disparagement of goods or services
If your business partner is not working with you, they are working against you. It is your responsibility to ensure that your business has every chance for success, so if your partner or shareholder is having a negative impact on your business, then it is time to take action.
Litigation, Mediation, or Arbitration?
Litigation may not be the best way to handle a partnership dispute.
A discussion with an experienced Chicago Partnership Dispute Lawyer can help you to determine what is your best course of action. Negotiation, Mediation, and Arbitration are all options that can allow the business to reach a resolution much more quickly, allowing business to continue as normal. These methods can also help to reduce the media impact a court case may have on your business, as these methods are often handled internally, without court involvement.
We will work to resolve your issue with as little financial and emotional stress as possible. The result of mediation can range anywhere from a new agreement leaving the partnership intact, up to the expulsion of the offending partner with some sort of agreement of repayment for the harm the partner has caused the business, such as a payment schedule for returning misappropriated funds.
If litigation is the best choice for your business, then our Partnership Dispute Attorneys are ready to go to work for you. We will investigate the claim and compile compelling evidence to strengthen the claim and build a case for you, as well as assist with finding forensic accountants or other experts who can testify on your behalf. We want to protect your business interests and preserve your ability to continue to run your business.
Whether your goal is to collect lost profits or to dissolve the business venture altogether, we can help you obtain the solution you desire for your business.
Medical Partnership Disputes
Regardless of the type of business, disputes can occur.
Medical Partnership Disputes must be handled immediately, as a rogue partner could not only be a hazard to your business, but to your patients as well!
Protect your medical practice by reaching out to an experienced medical partnership dispute attorney if you have reason to believe that a partner within your practice may be operating on the wrong side of the law.
If you have reason to believe that your business partner may be negatively impacting your business, then don’t delay. Our dedicated, experienced Chicago partnership disputes attorneys are ready to support you with effective legal research and representation.
Contact FH+H now at 847-443-5677 to request a consultation with an experienced, dedicated Partnership Dispute Attorney!