Most Common Partnership Disputes in Business
A common issue within companies is disputes erupting between business partners. Tension can arise from the stress of both working together and jointly owning the business, which can create a legal mess for all parties involved. To best avoid disputes, it is helpful to understand some of the root causes. Some of the most common partnership disputes include: Disputes over resources: When partners can’t come to terms about how to allocate financial resources, conflict can ensue. This can lead to lengthy debate over large purchases, such as machinery, which can put business operations on standby while the partners attempt to resolve the dispute. Failure to distribute work evenly: When people enter into a business partnership there are instances where one partner may do the physical work, while the other is…