Dissolution of a Partnership

Partnerships, like many things in life, do not always work out. Sometimes the partners can agree how things should resolve and on other occasions they need help from the court to dissolve a partnership. 

Lawyers tend to get involved when parties cannot agree. When that occurs you may need to consider appointing someone to protect partnership assets and to get help from the court to work out how assets are to be realised and profits distributed. 

On other occasions the partnership continues after it has been dissolved and the outgoing partners will want to explore how they can go about getting their share. 

It is also possible that a partner may have some personal liability where there is a breach of fiduciary duty.

If you are having a disagreement with a business partner and need advice about dissolution of the partnership call us to book a conference. 

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