Partnership Disputes in El Paso, Texas- Protecting Your Business Interests with an Attorney

El Paso’s central trade corridor with Mexico makes this city a popular one for business startups of all sizes in West Texas. Partnerships are often the foundation of these successful businesses, as entrepreneurs merge their experience and talents to leverage their competitive edge. Unfortunately, some partners find themselves amid a conflict that costs the business time and money. When partnership disagreements arise, the El Paso partnership dispute attorneys at Carabin Shaw can help.

Our top Texas attorneys work with businesses of all sizes to protect the interests of the partners and the company. If your partnership is struggling, our trusted law firm offers free case reviews 24/7 in Spanish or English at 800-862-1260. We’ve helped clients throughout Texas obtain the compensation and justice they deserve, and we will stop at nothing until we achieve the same for you.

Partnerships typically begin with a mutual vision, but as the business grows and evolves, owners may not see eye-to-eye on what those changes should look like. Conflicts can arise between partners, such as:

Finances are one of the most common reasons partners disagree, whether it involves investment strategies, allocation of expenses, or where to put the profits. Disagreements often become particularly acute during economic downturns, which adds to the financial strain. Skilled attorneys in El Paso can provide expert guidance to help partners find a satisfactory solution that works for each owner and the company’s bottom line.

Owners may think their original partnership agreement encompasses all the “what-ifs” that can arise during daily operations. However, the business may venture into uncharted territory, and partners may find themselves at odds on how to proceed. In some cases, an experienced lawyer can help partners resolve these disputes quickly and amicably.

Fiduciary duty is the duty of care each partner owes to the other for the best interest of the business. Misappropriating funds or setting up a direct competition with the company would be considered a breach of fiduciary duty. Legal intervention is necessary to protect the interests of both partners, ensure accountability, and determine an appropriate remedy.

Intangible property is often the most valuable in a partnership, which makes it a frequent subject of disputes. Protected intellectual property includes:

• Trade secrets
• Copyrights
• Patents
• Trademarks

When a partnership involves creative or proprietary works, disagreements may arise over ownership, usage, and profits. If the partnership contract doesn’t specify IP ownership, a partnership dispute lawyer in El Paso TX, can help owners determine ownership rights and reach a resolution.

When one partner decides to leave the business or a partnership dissolves, it can open the door to a host of disputes. Disagreements over the departing partner’s share value, buyout terms, or continuation of business operations can stall the process and harm the company. While Texas law provides guidelines for withdrawing from a partnership, an attorney can also guide the process to ensure a smooth transition for all business owners.

Partnership disputes can be costly for a company, particularly if the disagreement is severe enough to require El Paso business litigation. Fortunately, a seasoned business law firm can often use mediation to bring all partners to a satisfactory resolution without taking the case to court. Your legal team will provide the following:

• Comprehensive analysis of the partnership contract, financial records, and other relevant documents
• Mediation strategies to facilitate communication and find a mutually agreeable resolution
• Preservation of your rights while protecting the interests of the business
• Representation in court if litigation becomes necessary

The sooner you enlist the legal help of an attorney, the quicker you and your partners can find a resolution that preserves individual and company interests.

Partnership disputes can be devastating to a business if they are not managed quickly and efficiently. Avoid navigating the complex legal landscape of your partnership without professional assistance. At Carabin Shaw, we offer our services on a contingency-fee basis for many business clients and reasonable fee schedules for others. Check out our client reviews to see how we’ve helped other partnerships navigate similar issues. Then, contact us toll-free at 800-862-1260.

For more information:

• Cornell Law
• Westlaw
• Texas Statutes 153