This latest blog article will talk about ways on how to resolve, even avoid, business partnership disagreements.
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| Evan Granowitz Image Credit: Phonebooth.com |
Entrepreneurs, shareholders, and other people involved in a business must be open-minded on the probability of encountering quandaries as their businesses go along. Problems arising due to various factors are considered typical in the aggressive world of business. Moreover, one of the common problems encountered in this field has something to do with partnerships.
Business owners must face the truth that even though the foundation of the business started with a particular form of “agreement,” partnerships can still go awry in the long run due to different reasons.
Evan Granowitz is CA-based lawyer specializing in civil litigations. His areas of expertise include breach of contract disputes, unfair competition, and business torts.
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| Evan Granowitz Image Credit: Smh.com.au |
Partnership disputes happen due to disagreements on the business’ direction, management roles, and financial issues, among others. These disputes do not go to court straightaway. In fact, businesses may opt to choose between arbitration, wherein a neutral person or team helps in the decision-making process to resolve the issue, and mediation, wherein a third party works with both parties in ironing out the dispute. Litigation usually comes to the scene when the problem still exists despite the out-of-court efforts to solve it.
Furthermore, when faced with partnership disputes, business owners or those involved in the issue are suggested to talk it through in the boardroom before raising the problem in the courtroom. Experts suggest that they keep everything on a professional level, avoid personal attacks, and always remember that the concern is the business alone.
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| Evan Granowitz Image credit: Ssctechportia.wordpress.com |
For more about Atty. Evan Granowitz of CA, visit this website.
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