Arizona Business Lawyers Handling Partnership Disputes
Many of the most challenging and intense business disputes arise between business owners (partners or former partners) who once had a relationship based on trust and common interests.
In some cases, the business dissolution occurs because the partners can no longer agree on direction and strategy or because more personal conflict develops. In others, the company struggles financially and one partner exits, leaving the other with obligations that may be difficult or impossible to overcome.
Holding Partners Accountable Under Arizona Law
At The Law Offices of Donald W. Hudspeth, P.C., located in Phoenix, Arizona, we have dealt with numerous “business divorce” and dissolution cases, helping to prevent or resolve difficult disputes through negotiations and litigation. Contact us if you need legal counsel due to a disagreement with a business partner.
Simply leaving a business partnership does not typically release a person from all obligations to that business. Under Arizona law, the formation of an LLC or corporation may also create an underlying contract between the partners. When a partner leaves the business, promises involving contributions and liability may remain legally enforceable. Simply stated, our laws generally are intended to support honesty, loyalty and integrity in business partnerships.
Showing Full Partnership Can Lead to a Positive Financial Outcome
In one partnership dispute case, we represented a man who, with his partner, owned land across from the planned location of a major sports facility. The two formed an LLC to operate this land as a waste site while it was built up and leveled.
Our client’s partner stopped paying him to run the land grader and attempted to “force him out” at a purchase price well below market value. We ultimately prevailed by demonstrating our client’s full partnership rights, earning him a settlement approaching $1 million.
With attorneys focused on business formation and contracts, as well as veteran litigators, we are adept at assessing business dissolution cases and building cases. Many of these cases involve proving:
- Breach of contract
- Breach of fiduciary duty
- Tortious Interference with Contract (i.e. stealing sales and other diversion of income)
- Unfair competition (Improper use of inside information and other proprietary and confidential information)
If you believe a current or former partner is breaking an agreement or avoiding obligations to you and your business, we can counsel you about available legal actions. We are practical, business-savvy lawyers who will work in your best interest. Please contact our law offices today for the counsel you need.
The business of our firm is business.
