Illinois Partnership Dispute Lawyer
There’s no one in the professional realm whom you need to be able to trust and rely on more than your business partners. Disagreements between you and your partners, or a belief that one partner may be harming the business through fraudulent conduct, may put you at risk of losing what you’ve worked hard to build. When a dispute between partners arises in your organization, protect your business and defend your rights by contacting a seasoned partnership dispute lawyer at Pluymert, MacDonald, Hargrove & Lee to discuss your legal options.
Resolve disputes between partners without losing your business
Whenever two or more people are involved in operating a business, you can trust that there are a minimum of two or more opinions on how that business should be run. Disputes between partners are inevitable, but they don’t necessarily have to spell the demise of your business. Prevent disagreements from pulling your attention away from what’s truly important by enlisting the help of the seasoned Hoffman Estates commercial litigators at Pluymert, MacDonald, Hargrove & Lee. Our experienced business attorneys can attempt to negotiate a resolution between partners that leaves all those involved feeling satisfied. Should negotiation fail, our Chicago partnership attorneys can initiate legal action.
Common sources of disagreement between Illinois partners include:
- Breach of contract
- Fraud or misappropriation of partnership funds
- Breach of the partnership agreement or bylaws
- Disagreements over sale of the partnership
- Overreaching by executive leadership
- Breach of fiduciary duty
Prevent lawsuits before conflict arises by creating a reliable Illinois partnership agreement
When two or more people enter into business together in Illinois, they are considered to be a partnership. This partnership exists whether or not those involved agree to the terms of their partnership in a formal legal agreement. Unfortunately, many partners discover the benefits granted by a written partnership agreement only after they’re facing personal liability for a debt or are in a dispute over how to operate their business.
The desire to create a written agreement outlining the terms of your partnership need not indicate a lack of trust in your partner, but simply a desire that both you and your partner enter into your new business endeavor on the same page about how you intend to manage loss, profit, and partner disputes.
Experienced Chicago Business Lawyers for Resolving Partnership Disputes
For legal help you can trust with your Illinois partnership dispute, contact the knowledgeable, professional, and experienced Chicago area business litigator at Pluymert, MacDonald, Hargrove & Lee for a consultation on your case, in Hoffman Estates at 847-310-0025, or in Des Plaines at 847-298-5030.