Partnership disputes lawyers Perth
We understand that behind every partnership dispute lies a story of ambition, hard work, and sometimes, unexpected challenges. It’s not just about the legalities; it’s about people and their shared dreams taking an unforeseen turn.
Our approach to resolving partnership disputes is grounded in empathy, tailored strategy, and a commitment to protecting what you’ve built together. Whether it’s a financial misunderstanding, a disagreement on business direction, or a contractual issue, our experienced team of partnership dispute lawyers is here to listen, understand, and guide you to a solution.
Let’s work together to navigate these turbulent waters and find a resolution that respects both your professional and personal objectives.
Tailored solutions for every partnership challenge
Our experienced team is skilled in untangling the complexities of partnership disputes with clarity and precision.
We can also help you put a solid partnership agreement in place for your business, giving you peace of mind and security.
- Legal insight & strategy: We dissect your disputes and agreements to chart a clear path forward, and ensure you’re equipped for decisive action.
- Masterful dispute resolution & litigation: Transition from conflict to resolution with our adept negotiation and litigation support. We focus on achieving outcomes that respect your partnership’s goals.
- Precision in agreement management: Turn partnership agreements into foundations for success. Our precise drafting and review services ensure your agreement promotes fairness, clarity, and stability.
- Financial & operational resolution: Protect your partnership with targeted solutions for financial and operational disagreements. We aim to safeguard your interests and maintain the partnership’s integrity.
- Strategic reorganisation & exit guidance: Navigate partnership changes with confidence. Whether it’s dissolution or restructuring, we provide clear strategies for asset division and future planning.
- Regulatory compliance & conflict prevention: We help you operate within legal boundaries and implement measures to prevent future disputes, setting the stage for long-term success.
How we can help resolve your partnership dispute
Whether your business partnership is between lifelong friends or new associates, navigating disputes is a critical challenge that can arise at any point. The key to successfully managing these disputes lies not just in the foundation of the partnership, but in the strategies and mechanisms used for resolution.
With our approach, we aim to understand the root cause, facilitate open communication, and seek equitable solutions that respect the contributions and goals of each partner. We can help with:
- Crafting robust agreements
- Defining roles and duties
- Negotiating disputes
- Streamlining partnership exits
- Avoiding disputes
- Navigating dissolution
- Partnership restructuring
- Profit distribution
- Partnership buyouts
- Succession planning
- Wealth transfer
Client testimonials
From individuals to families, from startups to large corporations, professional groups to charitable foundations - we’ve stood beside a diverse range of clients helping them best navigate their legal journey when it comes to protecting assets and securing legacies. Here’s what some of them have to say.
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Guiding you through business disputes
How can you avoid or minimise commercial disputes? Get our insights on successful dispute resolution.
Frequently asked questions
What qualifies as a partnership dispute?
A partnership dispute can arise from disagreements over a range of issues, including:
- Financial decisions
- Business direction
- Contract interpretations
- Roles and responsibilities of partners
- Breaches of the partnership agreement
How does Solomon Hollett Lawyers approach partnership disputes?
We centre our approach on understanding the unique aspects of your dispute, providing strategic advice, and aiming for resolutions that protect your business interests while minimising disruption.
Why is it important to get professional partnership dispute advice & agreements?
A partnership agreement is an important legal document that defines the nature of the partnership and the obligations and rights of each partner. The obligations and rights can be highly customised to meet the specific unique relationship and business of your partnership. No two partnerships are identical, and a ‘one size fits all’ approach to a partnership agreement may not work.
Friends, colleagues or even spouses often become partners and fail to plan ahead for possible eventualities, such as retirement, death, or sale to a third party. People often do not anticipate how they will deal with disputes, even though disputes arise in business every day. Often partners are close to each other, and it is not uncommon for good friends or family to be in partnership; often this means that the need for a formal agreement is mistakenly overlooked.
In the absence of a carefully worded partnership agreement, a partner could find themselves financially liable for a decision their partner has made, such as signing a bad contract. A well-drafted partnership agreement is the only way to properly clarify issues about partnership liability, authority and roles when dealing on behalf of the partnership.
A good partnership agreement will also contain a practical mechanism for allowing a partner to exit or transfer their interests, or a sale on the open market. Without such mechanisms, disputes often arise, which can devastate the partnership business.
When things go wrong, a strong partnership agreement has the capacity to not only save money by not having legal fights, but can save relationships too.
Can parties resolve partnership disputes without going to court?
Yes, parties can resolve many disputes through negotiation, mediation or arbitration. We always explore these alternative dispute resolution methods as they can be more cost-effective and less adversarial than litigation.
What should I do if I anticipate a partnership dispute?
It’s important to seek legal advice early and document communications and decisions related to the dispute. Our team can guide you on the steps you need to take to protect your interests.
How long does it take to resolve a partnership dispute?
The duration depends on several factors:
- The complexity of the dispute
- The willingness of parties to negotiate
- Whether the parties seek resolution through litigation or alternative dispute resolution methods
We aim to resolve disputes efficiently and understand the value of your time and resources.
What are the possible outcomes of a partnership dispute resolution?
Outcomes can vary, but may include:
- Negotiated settlements
- Changes in partnership agreements
- Buy-outs of a partner’s interest
- Dissolution of the partnership
- Court orders if litigation is pursued
Will I need to dissolve my business if we cannot resolve the partnership dispute?
Not necessarily. Solutions may involve restructuring the partnership or resolving specific issues without dissolving the business. Our goal is to find a resolution that aligns with your business continuity plans.
How can I protect my business from partnership disputes?
It’s key to have a well-drafted partnership agreement that includes dispute resolution mechanisms. We can help review or draft agreements to ensure clarity and protection for all partners.