Business Disputes: It’s What We Do
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Photo of attorneys E. Kelly Conway, Michael E. Gehring and Stephen G. Harvey

How should you handle a partnership dispute?

On Behalf of | Dec 22, 2023 | Business Disputes

Business partners must establish clear rules for how the partnership will work. While this might happen without many issues, there must be clear guidelines for times when disputes occur.

A business dispute that’s appropriately handled can lead to a stronger business. When they’re mishandled, the company can suffer greatly. Understanding how to work through partnership disputes may help partners to keep the business moving forward.

Keep the matter away from the business

One of the most important things for business owners is to keep disputes away from the company. Any discussions about these contentious issues should occur behind closed doors. This enables the partners to present a united front for employees and customers. Be cautious about what’s discussed with employees because they may speak to others. If speaking to employees is necessary, only share what they need to know.

Draw on each person’s strengths

Each partner probably has different strengths, which greatly benefit the company. Being able to use those strengths to the company’s advantage is critical. Active listening sessions are beneficial in these cases, but both partners must keep an open mind to understand the best options.

Establish policies to address similar issues

Once the matter is resolved, take the time to establish policies that prevent the same issue from occurring in the future. Putting the new guidelines in writing makes the rules clear.

There are some instances in which partnership disputes aren’t easy to resolve. Having experienced legal guidance can take some of the stress out of the situation and help you move forward in whatever way is best for the company.