Partnership Disputes & Business Divorces
Partnership and ownership disputes occur for various reasons, including financial disagreements, decision-making, breach of agreements, and fiduciary duties. Experienced business dispute attorneys are critical for guidance.
The attorneys at Cantrell, Astbury, Kranz, P.A. have a track record of successfully resolving business partner disputes and business divorces. When litigation is necessary, we’ve obtained significant recoveries for our clients at trials and arbitrations. Counseling clients through serious partnership conflict is a core practice of the firm and our experience is substantial.
Partnership and founder disputes can be extremely difficult for both the individuals involved and their business interests. Many times, partnerships are formed between people that know each other very well and have worked together for some time. As with other relationships, however, business partnerships can sour, objectives conflict, or a partner may merely want to exit the business. When a significant partnership dispute occurs, obtaining experienced legal representation is prudent, both for negotiations and, if necessary, litigation. The partner dispute attorneys at Cantrell, Astbury, Kranz, P.A. understand that partnership conflicts involve more than just dollars and cents, and that discretion and moving on from the conflict quickly is often preferred. We apply pragmatic approaches designed to meet our clients’ objectives.
WHY HIRE CANTRELL ASTBURY KRANZ, P.A.
The partnership law attorneys at Cantrell, Astbury, Kranz, P.A. successfully counsel, negotiate, and litigate all manner of partner disputes, including claims for breach of partnership or shareholder agreement, breach of fiduciary duty by a partner, partner expulsion from the company, judicial dissolution of a partnership, a current or former partner improperly using company trade secrets or intellectual property, and winddown accounting.
Our clients include a wide range of industries and professions, including law firm partners, physicians, and accountants. We also have strong relationships with respected accountants and valuation experts, which are often needed in connection with businesses that require a dissolution.
We understand that litigation is typically the last thing partnerships want and, when possible, seek to move on quickly and cost-effectively from a failed partnership. We often assist with resolving partnership disputes outside of the courtroom, whether through formal mediation or direct negotiations. When an agreement simply cannot be reached, however, we have substantial experience representing partners and other business owners in trials and arbitrations.
If you are considering Cantrell, Astbury, Kranz, P.A., we encourage you to review our attorneys. Each of our attorneys have impressive credentials, including graduating from top law and clerkships with federal judges. Most important, they are trial attorneys with substantial business litigation experience.
WHAT WE HANDLE
The business litigation lawyers at Cantrell, Astbury, Kranz, P.A. have handled virtually every type of partnership and founder dispute. Common examples of partnerships disputes that arise include:
- Breaches of a partnership agreement;
- Breaches of an operating agreement, shareholder agreement, by-laws, employment agreement, or compensation agreement;
- Fiduciary duty violations;
- Fraud and misrepresentation;
- Misappropriation of company assets and corporate theft;
- Embezzlement;
- Management and owner conflicts;
- Breaches of restrictive covenants, such as a non-compete, non-solicit, or non-disclosure agreement;
- Misappropriation of trade secrets;
- Breach of confidentiality agreements;
- Irreconcilable disagreements on critical company decisions, such as the direction of a company or allocation of assets;
- Expulsion of a partner;
- Disagreements on division of assets and valuations;
- Conflicts on dissolution, winding down, and accounting;
- Unlawful use of company intellectual property.
We represent individual and corporate clients in business litigation, including partner lawsuits, in California, Florida, Georgia, Illinois and Michigan. Florida partnership law is governed by Florida Revised Uniform Partnership Act; Georgia partnership law is governed by the Georgia Uniform Partnership Act; Michigan partnership law is governed by the Michigan Uniform Partnership Act.
If you are involved in a partnership dispute or business divorce, contact us. We will provide a no-cost consultation. Our phone number is (877) 858-6868.
FREQUENTLY ASKED QUESTIONS
Generally, yes. Attorney fees are often recoverable in partnership disputes. A partnership agreement may allow for the recovery of attorney fees for the prevailing party. Where there is no partnership agreement or the agreement is silent on fees, many states allow for the recovery of attorney fees under certain circumstances. To determine whether attorney fees are recoverable, speak with a partnership lawyer at Cantrell, Astbury, Kranz, P.A..