In Illinois, business partners can have disputes for various reasons, and dispute resolution methods can materially affect the partners’ business relationship. In some cases, the partners may want to preserve their status and continue with the business while other...
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Partnership Law
How to handle an anticipated breach in Illinois
Any business transaction’s success depends on the parties meeting their contractual duties. Unfortunately, sometimes one party agrees to do something but acts in a way that suggests otherwise. That party’s behavior can make it difficult for you to trust them and may...
What are the best ways to resolve partnership disputes?
Owning an Illinois business with a partner can be one of the most rewarding experiences. Unfortunately, sometimes, an internal dispute might arise. There are a few ways you can resolve things. Partnership agreement Although this is only an option for settling...
Clear partnership agreements are critical
The forming of a business partnership can feel like a very straightforward kind of crossroads. On one side, you wait for a different opportunity. On the other, you accept the new adventure in front of you, working alongside someone you know well and trust. It can feel...