Are you among those who have started a business with family and friends? Are you happy with the increasing turnover from the onset? But, what if this partnership leads to some serious conflicts or prejudice in the future? In order to avoid such unfortunate situations, the Robert Doran, Litigation Counsel is there to assist you with an expert litigation service through Shareholder and Partnership agreement.
What actually is Shareholder and Partnership agreement?
Shareholder and Partnership agreement is a must-have to avoid heated business litigation and ensure smooth functioning of an organization and partnership. It is a confidential written agreement amongst the shareholders or the owners of the company. In short, this "pre-nuptial" agreement is a soul and life of any business partnership.
What It Offers
What are the Shareholder and Partnership Disputes?
A heated conversation between the co-owners of the company that can lead to serious loss to business and personal relation
Reasons for such disputes:
In addition to these shareholder disputes, there are certain other factors which you can face in a partnership business.
How to resolve such disputes?
Simply, just by constructively employing the right approach, these partnership disputes can easily be fixed. Mediations, negotiations are some of the other strategic methods. But, if still the issue is not resolved considering a legal representation is must.
In case, when provision of contract is not honored, then breach of contract litigation is essential.
The three elements of breach that a plaintiff must prove
First Element of a Breach of Contract: According to this breach element, at the breaching of the lawsuit, the subsequent elements are to be there:
Second element of a breach of contract lawsuit: According to this breach element, you cannot sue the other party for breach of contract till the time you haven't executed your duties stated in the contract.
Third element of a breach of contract lawsuit: According to this breach element, both the parties are obligatory to follow the terms and conditions of the contract timely. Any deviation from the terms of contract will leads to its breach.
In order to avail the benefit of this breach you can get assistance from one of the best form for consultation the Robert Doran, Litigation Counsel having expertise in Shareholder and Partnership Disputes.
What actually is Shareholder and Partnership agreement?
Shareholder and Partnership agreement is a must-have to avoid heated business litigation and ensure smooth functioning of an organization and partnership. It is a confidential written agreement amongst the shareholders or the owners of the company. In short, this "pre-nuptial" agreement is a soul and life of any business partnership.
What It Offers
- A controlled structure that clearly defines the protected rights and responsibilities with obligations
- Regulations clarifying how an individual can join the company as a shareholder
- Lay down the procedure of buying and selling shares
- Stake of each partner in case of profit or loss
- Lays out the decision to new shares issued by the company
- Stipulations in case of health issues
What are the Shareholder and Partnership Disputes?
A heated conversation between the co-owners of the company that can lead to serious loss to business and personal relation
Reasons for such disputes:
- Hiring of Staff
- Misuse of company assets
- Conflict of interest
- Misuse of partnership assets
- Breach of fiduciary duty
- Valuation of shares
- Unfair ownership share of the partnership
- Inability of the partners to cooperate
- Misappropriation of funds
- Buy out or purchase of shares
- Oppression by majority shareholders
- Financial benefit to a shareholder to the detriment of other shareholders
In addition to these shareholder disputes, there are certain other factors which you can face in a partnership business.
How to resolve such disputes?
Simply, just by constructively employing the right approach, these partnership disputes can easily be fixed. Mediations, negotiations are some of the other strategic methods. But, if still the issue is not resolved considering a legal representation is must.
In case, when provision of contract is not honored, then breach of contract litigation is essential.
The three elements of breach that a plaintiff must prove
First Element of a Breach of Contract: According to this breach element, at the breaching of the lawsuit, the subsequent elements are to be there:
- Contract
- One who is obligation under contract
- Reason, why the plaintiff didn't perform
- Defendant's Breach
- Plaintiff's damage arising from breach of contract
Second element of a breach of contract lawsuit: According to this breach element, you cannot sue the other party for breach of contract till the time you haven't executed your duties stated in the contract.
Third element of a breach of contract lawsuit: According to this breach element, both the parties are obligatory to follow the terms and conditions of the contract timely. Any deviation from the terms of contract will leads to its breach.
In order to avail the benefit of this breach you can get assistance from one of the best form for consultation the Robert Doran, Litigation Counsel having expertise in Shareholder and Partnership Disputes.
No comments:
Post a Comment