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Resolving Disputes if there is no Partnership Agreement
If things go wrong in a partnership and there is no partnership agreement to fall back on, you have to rely on the provisions contained in the Partnership Act 1890. The Act is obviously historical and not always very helpful when it comes to resolving disputes.
Our commercial team will listen carefully to the details of your dispute and use alternative dispute resolution methods, such as mediation, to try and resolve the argument and maintain the relationship so your business can continue to develop.
Resolving Disputes if there is Partnership Agreement in Place
If one or more of the partners fails to comply with the terms set out in the partnership agreement, then an action for breach of contract can be brought. As previously stated, a well drafted agreement should include clear provisions for dealing with any such dispute, making resolution more straightforward and usually less costly.
A clear understanding is required of the issues, the merits, and the commercial outcomes desired, to ensure that a clear case plan and cost budget can bet set for the resolution of the dispute. Our commercial solicitors are experts in achieving these objectives to enable an efficient resolution for your business.
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