Partnership Disputes

As a business owner, you had a plan. The plan made sense, and you partnered with someone you trusted to make it a reality. When they stopped holding up their end of the bargain, you knew that things had to change. You’ve invested too much of your life and treasure in the business to let it go to waste. When the business is caught in the middle of a dispute between partners, then the Underwood Law Firm advises clients on their full range of options.

These disputes frequently arise when the owners of the business can no longer agree on its direction, how to divide the company’s profits, or who should control the business. Generally, the parties disagree for a long time before matters eventually reach a head and a lawsuit is filed. During the period when the parties disagree, but fail to resolve the issue, one or both parties may act improperly by violating company bylaws, a contract between the parties, or through improper distributions.

These types of disputes frequently involve the intersection of a number of different areas of law. For example, many times a business’s most important asset is its real estate holding. In these instances, the dissolution and winding up of its affairs will require a partition action to provide the parties a full resolution of all of the issues.

As such, our firm starts these matters with the end in mind by focusing on the things that matter most when the matter is concluded, such as a sale of the partnership’s real estate holdings.

As such, the Underwood Law Firm pays careful attention to all of the details of the elements involved, and is able to provide effective advice to business persons who find themselves in these situations. An effective business lawyer will bring all the relevant claims to bear in ensuring that the resolution of these types of disputes to our clients satisfaction.

In many ways, these cases are like a “business divorce.” As the parties knew each other well enough to go into business together, they have long-standing relationships and deep knowledge of how the other party operates. Although the topic of the dispute may be business, these disputes often feel incredibly personal and emotional to the parties involved.

As such, it is imperative in the defense and prosecution of these cases that the lawyer on your side understands how to uncover critical facts that others may overlook, and is willing to do the hard work necessary to prevail in a highly-contested and hard-fought case.

The firm has assisted clients in all stages of business litigation from partnership and business formation agreements to buyout agreements to breach of contract claims to shareholder derivative suits. Our firm relies on the full toolset to solve your legal problems, from counseling and communication, negotiation, mediation and arbitration, deposition and discovery practice, to trial advocacy. When settlement is not an option, the firm is more than prepared to fully litigate these disputes and everything that entails.

The Underwood Law Firm counsels clients, and assists in litigation, with claims for breach of contract, business fraud, business asset theft, financial mismanagement, management operations, breach of fiduciary duty, and partnership and shareholder disputes.