Having Trouble With Your Business Partner?
A Los Angeles Partnership Disputes Lawyer Will Help You Settle the Matter
Just as personal relationships breakdown, so too do professional relationships. However, partnership disputes within a business can have a detrimental impact. They will often threaten the integrity and prosperity of the entire company. Fraud, dishonesty, and disagreements over the allocation of resources are examples of what can come between business partners.
When problems do arise, it is important to attempt to work out any differences of opinion informally first. You should always do this before attempting litigation. Resolving disagreements outside of court not only keeps costs down for all parties, but also provides a chance to resolve issues before the effects on both personal and professional relationships are irreparable. When a lawsuit is unavoidable, it is important to understand your rights as a business partner. As is the case in other areas of law, the clarity – or lack thereof – of the contracts signed at the onset plays a large role in determining what rights each partner holds.
But what happens when the agreement between the partners is not clear? In California, partnerships are flexible. This potential for ambiguity can cause major problems when partners find themselves in disagreement with one another. In fact, the courts may question whether there is even a partnership. The division of profits and losses, the distribution of responsibilities within the business, and the investment by each of the partners are some of the factors that contribute to the court’s assessment of a partnership. At YMS, we are experienced in representing businesses during all stages of the legal process, and can help you maintain your assets during this tough time.
Over 85 Years of Combined ExperienceAt our firm, you can trust we have the experience to handle your case successfully. Each of our attorneys bring decades of experience practicing in the areas of employment and business litigation.
We Work as a TeamAt YMS, we believe collaboration is key to success. Working collectively with our clients ensures that every angle is explored in order to achieve the best results.
We Are Trial AttorneysEach of our attorneys has extensive experience litigating in a courtroom. We always try to settle outside of court, but if the case requires us to go, our team is prepared to do so.
Big-Firm Experience. Small-Firm Approach.Having previously worked at some of the largest law firms in the city, our attorneys can bring a high level experience to your case, yet keep the client-attorney relationship very personal.