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Have you found yourself in a legal dispute with your business partner in Bend, Oregon? A major disagreement can bring your business to a halt or jeopardize its success, which is why it’s critical to seek a swift but effective resolution to the matter. Get the legal help you need to obtain a positive outcome in a legal dispute with your business partners when you contact Bristlecone Law for an initial case evaluation with a business litigation attorney. We look forward to meeting you and advising you on your options.
Various aspects of a business relationship or a company’s operations can lead to disputes between business partners. Some of the most frequent causes of business partnership disputes include:
Business partners can outline their rights and duties to each other and to their business through a written partnership agreement. Oregon’s Uniform Partnership Act also governs the interpretation and enforcement of partnership agreements, as well as business partners’ relationships in the absence of a written partnership agreement. State law also has specific rules or principles governing partnerships, including partners’ fiduciary duties. Typical fiduciary duties include:
Note that state law also recognizes oral or implied partnerships when business partners do not have a formal written partnership agreement.
Business partners’ rights and duties often play a central role in partner disputes, as they can determine which partner prevails in a legal matter and what relief a partner might obtain in a case. Breaches of a partnership agreement or violations of fiduciary duties can lead to significant legal and financial consequences, so it’s critical for business partners to have experienced counsel advising them and advocating on their behalf.
Partners may have various options for resolving their legal disputes. First, they may try to negotiate a resolution or settlement of a dispute, which may preserve the partnership or business or give an aggrieved partner some form of relief. Partnership agreements may also have contractual provisions to resolve disputes that partners cannot settle, such as buy-sell agreements or mandatory dissolution. Partners can also agree to a buyout or dissolution, which may require a valuation of ownership interests or business assets.
Partners may agree to submit a dispute to alternative dispute resolution, such as mediation or arbitration, or their partnership agreement may contain a mandatory alternative dispute resolution clause. In the absence of alternative dispute resolution, partners may escalate a dispute to court litigation.
A partner who brings a legal claim or dispute against their other business partners may pursue various forms of relief, such as:
Partners may pursue an outcome to a legal dispute through mediation, arbitration, or litigation. Even when a partnership dispute goes to trial, a party aggrieved by the trial court’s judgment may continue to pursue the dispute through appellate litigation.
If you have a legal dispute or claim involving your partners, an attorney from Bristlecone Law can help you seek a favorable resolution to your case by:
Our firm takes a strategic, cost-effective approach focused on achieving your core objectives in your case. Let us help you restore stability to your business or provide you with a fair exit.
A serious disagreement with your business partners can derail your company, which is why you need experienced legal counsel to help you protect yourself, your business, and your reputation. Let a business partnership disputes lawyer from Bristlecone Law help you pursue a fair and favorable resolution to legal issues with your partners because:
Serious disagreements or allegations of misconduct between business partners can threaten a company and cost parties considerable time, money, and professional reputation. Don’t try to resolve the issue alone. Instead, contact Bristlecone Law today for a confidential consultation with a business litigation attorney to learn more about your legal options for protecting your rights and interests.
If you’re facing a legal matter, or want to prevent one before it starts, reach out. We’ll tell you what’s worth fighting, what’s worth fixing, and how to move ahead with confidence.
