Three of the most common types of business partner disputes

On Behalf of | Jun 7, 2021 | Business Disputes |

Many companies in Pennsylvania depend on business partners working together. Eventually, almost every business partnership can go through a rough patch. During this time, you and your business partner will get into arguments. Here’s more information about the three most common types of business partner disputes.

Disagreements about intellectual property

In certain situations, you or your business partner’s intellectual property helped form the company you both work for. Unfortunately, sometimes unclear guidelines can lead to disagreements about intellectual property. To prevent this from happening, make sure you have a revocable license to issue out any intellectual property to a business. If not, it could lead to you and a business partner getting involved in business litigation and disputes.

Disputes over money

Considering its importance, it shouldn’t be surprising that many business partner disagreements are about money. One of the most common reasons why money-related disputes happen is because someone feels they deserve more compensation. To help prevent these disagreements from happening, make sure all partners receive compensation that aligns with how much time and effort they’re putting into this company.

Operational arguments

As business partners continue working together, they often find their partnerships getting stronger. For this to happen, business partners sometimes have to deal with operational-related disagreements. Most partners try to avoid these disagreements by having clear descriptions of the roles that each party performs.

As unfortunate as it is, business disagreements often arise from a few common topics. If you need help during or after a business partner dispute, it might be beneficial to contact a business dispute lawyer. By having a lawyer’s help, you might obtain an outcome that helps your business continue moving forward.