Business Divorce

 

Like marital partners, business partners often have disagreements which, if not resolved, may have severe consequences on the partners’ business.  Business co-owners often become distrustful of each other for real or imagined reasons, and sometimes they seek to terminate their business relationship.  This is what we call a “business divorce.”  Business divorces generally happen in one of two ways—by agreement or through litigation.  Sometimes there are written contracts in place that govern the terms of the business divorce, like shareholder agreements, buy-sell agreements, partnership agreements, or limited liability company operating agreements.  The attorneys at Valdez Washington have extensive experience negotiating and litigating business divorces.  In these types of situations, it is extremely important that the client retains an attorney who understands the dynamics that exist in business dissolutions, which often involve disagreements between former friends, partners, and even family members.  Our attorneys understand the importance of resolving these disputes quickly and efficiently so that our clients can return to what matters most—their business.  Valdez Washington is well equipped to assist clients from the inception of disagreement through dissolution, if necessary.  If negotiation is unsuccessful, we will aggressively litigate on our client’s behalf until the business divorce is complete.

 

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