Maitland Shareholder & Partnership Disputes Attorney
Partnership and shareholder disputes happen when partners have differing views on the company’s future, when sales have taken a major slump quarter after quarter, and even when you least expect them. When a minor disagreement takes a turn for the worst and evolves into a major dispute that puts the business in jeopardy, it is time to seek legal advice. The sooner you are able to resolve a dispute between partners or shareholders, the better off you will be in the long run. Working with an attorney does not have to be viewed as an aggressive or last-ditch act to get your way; it is often the best method to resolve the dispute in a positive and peaceful manner so that you can carry on with business operations as before. Or, it may be time to consider other options, such as an injunction relief, or dissolution. No matter the situation you are in, our Maitland shareholder and partnership disputes attorneys at The Hornsby Law Group are skilled negotiators and highly competent litigators.
Common Business Disputes Between Partners or Shareholders
- Abandonment of responsibilities
- Breach of fiduciary duties
- Breach of partnership agreement
- Breach of shareholder agreement
- Differences in opinion about the business’s future
- Gross negligence
- Majority/minority shareholder conflicts
- Misappropriation of business assets
- Unfair compensation
- Violations of intellectual property rights
Resolving a Serious Conflict By Awarding Damages or an Injunction Relief
- Awarding Damages—If a partner’s misconduct has caused damages to the company, shareholders, or other partners, the best remedy is often to file a tort for damages. This compensation can help cover the economic harm, and may include compensatory and/or liquidated damages.
- Injunctive Relief—Sometimes a monetary award is not a strong enough remedy, particularly when a partner’s actions cross a certain threshold. An injunction relief may be necessary if a party has misappropriated company assets, violated a non-compete agreement, stole trade secrets, or engaged in fraud. An injunction relief restrains an individual from carrying out certain acts that would likely cause further harm. A temporary injunction for immediate relief can be created before a permanent injunction is imposed.
Dissolution and Buyout Options
When serious disputes arise, it may be in your best interest to dissolve the company and distribute liquidate assets equitably, or amend ownership that is weighted differently. A buyout of shareholders or partnership may also be an option, which may require partial dissolution of company assets.
Call a Maitland Shareholder and Partnership Disputes Attorney Today
In times of serious business disputes between shareholders or partners, usually the first goal is to negotiate with the other parties involved to reach an amicable decision. If this is not possible due to the seriousness of one party’s actions, filing a tort for damages, filing for an injunctive relief, and/or dissolving the business may be the most beneficial solutions at hand. No matter your situation, we encourage you to reach out to the Maitland Shareholder and Partnership Disputes attorneys at The Hornsby Law Group today to schedule a free consultation.