Get a Partnership Agreement NOW and Do Not Use a FREE Template
If you do not have a Partnership Agreement with Buy/Sell provisions, you are missing something that could protect you in the future. Don’t wait another day. Call me and get this done.
Partnership Mediation, Arbitration, Litigation, Negotiation and Best of All, Moderation
If your business partnership is breaking down, you have a number of possible ways to get it cleared up. In this post, I will offer you an explanation of each. Keep in mind that these aren’t just different styles to reach the same end. That said, as Stephen Covey would say, “Start with the End in Mind.”
What To Do When You Cannot Get Out of a Bad Business Partnership
If you have fallen out of like with your business partner, you have a lot of very careful negotiating ahead of you.
You Cannot Walk Away from a Sour Business Partnership
Before you do anything about your soured partnership, review your organization documents. Take a look at the Operating and Partnership Agreements to see if you have provisions for a voluntary exit of a partner.
Talking to Crazy: Dealing With an Irrational Business Partner
There are cases where one partner will not accept anything offered in order to make peace. That is irrational behavior.
How to Get Out of a Business Partnership
The 2 big issues related to getting out of a business partnership are getting agreement on the price you desire and protecting you from liability. If there are no executed agreements in place, be very careful with how you proceed in your negotiations. It’s a good idea to get an adviser on board.