A partner has a right to manage and actively participate in the partnership. Most partnerships are created by a written agreement outlining the terms and conditions of the enterprise. This agreement will determine the rights and duties of each partner, as well as detailing the manner in which a partner can withdraw from the partnership. However, a partnership can still exist even in the absence of a written agreement based on the day to day activities of its members. In any case, partners have the right to examine all books and records pertaining to the business's activities. If a partner is denied any of the basic rights associated with partnership, such as exclusion from business operations, this denial may be grounds for dissolution of the business.
While running your business, your priorities include selling products or services and making a profit. In an ideal world, all of your business partners will get along and agree on all decisions. Unfortunately, even the best-intentioned partners will occasionally disagree on issues such as the direction of management, interpretation of the company's governing agreement, finances, or distribution of duties. The last thing you need in your demanding schedule is a legal dispute involving partners that threatens the daily operation of your business. Such disputes must be resolved as quickly as possible to avoid a disruption. In the event of a partnership dispute, you need an experienced attorney to help protect your company's interests and to guarantee a quick resolution.
The Boston business attorneys at Bellotti Law Group, P.C. can provide expert analysis for any partnership dispute issue. Contact our Boston, Cambridge, or Quincy office today at 617-225-2100 for a FREE consultation.Litigation Is Not The Only Solution
If you believe that a business partner has violated an obligation owed to your business, we can help investigate the claim and take necessary steps to protect your interests. We can represent you in a pre-litigation negotiation. Owners of small businesses typically want to handle an internal matter as quickly as possible in order to return to their daily business requirements. We can help you work towards a reasonable settlement using a form of alternative dispute resolution, such as arbitration or mediation, to quickly resolve the dispute without going through costly litigation. Our attorneys are also prepared to represent you in the event that litigation is required to settle a partnership dispute.
At Bellotti Law Group, our attorneys have experience representing a variety of clients with partnership disputes and can offer you effective representation for any of your business needs. Contact us today to learn more.