Democrate Voice

If you feel it is time to dissolve the business relationship, there are two things you must do first: before you talk to your lawyer, then with your partner. Ideally, your partner will agree it is time to separate and help you find an amicable solution. Certainly, a solution that both parties can live with and almost always produce a better result than a court decision.

When there is a dispute, one of the first things to consider is whether the partnership is based on a written agreement. If so, this agreement may determine the outcome – “who gets what” – in case of dissolution of the company. If the partners have signed without coercion and the agreement is enforceable, this document goes a long way to solving the problems. For example, it might be a provision allowing a partner to buy the interest, provided that certain criteria are met.

The statements are taken, the financial statements will be reviewed, expert may be consulted and the rules of evidence must be followed before a judge or jury makes its decision. In the language of business, a legal battle is unlikely to produce a positive return in time and money invested in this case. To get the best return on investment, to resolve the matter quickly and without problems.