Is there a dispute between you and your business partner? Is the business not moving in the direction you would like?
Partnerships are a business structure in which the business is co-owned by two or more ‘partners’, who share the income and jointly operate the business. Disputes between partners can be damaging and costly for all parties involved.
Typically business partners are governed by a partnership agreement outlining obligations and termination conditions. If there is no partnership agreement, or the agreement is silent on certain issues, the Partnership Act 1981 (Qld) can help govern the relationship.
We recommend alternative dispute resolution as a cost-effective method to solving these disputes.
Clifford Gouldson has extensive experience in assisting business to resolve partnership disputes, including with:
- drafting partnership agreements
- terminating partnerships
- mediation between partners
- providing partners with their obligations under their partnership agreement
If you would like tailored, expert legal advice regarding partnership disputes and how to best resolve them, contact a member of our Litigation and Dispute Resolution team for information or advice.