A dispute can arise in a partnership for many reasons. Partners may disagree about how to run the business; one partner may breach their fiduciary duty or violate the terms of a contract. Perhaps the partnership is breaking up, and the partners cannot agree on the value of the business or how to divide assets.
Kohn Swift represents partners in a variety of partnership disputes.
RELIEF IN PARTNERSHIP DISPUTES LAWSUITS
A partner may seek an injunction, compensatory, or even punitive damages in a partnership dispute. In certain circumstances, the partnership agreement and state law may permit the expulsion of a partner.
Other remedies sought in partnership disputes include negotiating or amending a partnership agreement, division of partnership assets, payment of partnership debts, buyout of a partner, and dissolution of partnership.