What Happens When I Sue My Florida Business Partner?By mlgbusinesslit, In Business Law, 0 Comments
At MLG Business Litigation Group, our partnership dispute attorneys in Florida understand that starting a business with a trusted partner typically begins with both pursuing the same goals.
Unfortunately, it is not uncommon for business partner relationships to sour for multiple reasons, cause arguments that lead to one or both partners going in their own direction, which often means the only resolution to the dispute is a legal one.
If you and your business partner are involved in a dispute regarding the direction of your company, contact our skilled business litigation attorneys in Florida to understand your legal options, so you can move forward with confidence.
What are the Most Common Types of Florida Business Partner Disputes?
One of the most common types of Florida business partner disputes is a breach of the partnership agreement.
Part of the business partner’s role is sharing in business decisions. When one partner operates outside of the partnership agreement, he or she may be held liable for breaching the contract.
To pursue a legal remedy to a partnership dispute, we must first confirm the agreement exists.
- A valid, enforceable partnership agreement
- Proof a business partner has breached a term or terms of the contract
- The other partner(s) or the business has suffered damages resulting from the breach
If the partnership agreement contains terms that allow the dispute to be cured on its own — perhaps outlining a timetable to remedy the breach the dispute may be handled in-house. When the breach is blatant and incurable, seeking help from a partnership dispute attorney in Florida will provide the legal options necessary to find relief.
Other common types of partnership disputes include, but are not limited to:
- Abandonment: When one partner leaves the partnership to seek personal opportunities or continues to collect an income from the partnership without actively working.
- Negligence: When one partner’s actions harmed the partnership.
- Violation of Intellectual Property Rights: When a partnership agreement outlines that all copyrights, patents, and trademarks are the partnership’s property, but has been used for personal gain, the misuse may be grounds for a lawsuit.
- Criminal Activity: When one partner engages in criminal activity, including fraud or theft, which may include stealing money from the partnership or stealing money from a customer.
If you would like to hold your business partner accountable for their wrongdoing, contact our skilled partnership dispute attorneys in Florida today to schedule a free case assessment to learn more about your legal rights and options to move forward with a lawsuit.
Are There Alternatives to Suing My Florida Business Partner?
If you would prefer to explore options for settling partnership disagreements outside of court, lawsuit alternatives exist and may provide a quicker legal remedy.
Negotiating a settlement with your business partner may mean terminating the partnership and requiring repayment of any losses he or she has caused the organization.
At MLG Business Litigation Group, we provide negotiation alternatives through arbitration or mediation, which is often quicker and less expensive than litigation while providing a desirable outcome without going to court.
Contact Our Skilled Partnership Dispute Attorneys in Florida Today for a Free Case Evaluation
At MLG Business Litigation Group, our partnership dispute attorneys provide our clients with real-time legal solutions that allow them to put their challenges behind them and move forward with confidence. Contact our skilled Florida business litigation attorney group today by calling (786) 706-9228 for a free case evaluation.