Partnership Mediation Utah
A business partnership is generally a very close relationship. Like other relationships there is give and take and each partner generally focuses on the part of the business that he or she excels in. Very rarely do partners enter a business relationship with the expectation of handling disputes down the road. When disputes in the partnership arise it is a good idea to resolve the dispute through mediation rather than through litigation.
Business partnership disputes can usually be resolved through mediation within a matter of hours and can prevent further damage to the business and partnership involved. Partnership disputes handled through mediation allow both parties to voice concerns, resolve personal issues and resolve the problem quickly. It is important for business partners to handle disputes quickly and with as little expense as possible. Using mediation allows the business partners to meet together and talk through the problem and come to a mutual agreement.
Business partner can also set up a contractual agreement through mediation before they begin operating a business together. This can prevent later disputes and the need for mediation altogether. Mediators specializing in business partnerships can guide the business partners through creating a contract to best fit their business needs. These agreements can outline things such as each partner’s role in the business, financial obligations and how the profit will be split amongst the owners.
Regardless of whether you are considering starting a business with someone or you have run into a problem with your business partner; Mediation is a quick, inexpensive and reasonable alternative to litigation. If you have questions about business partnership mediation please call the office of Thomas V Rasmussen (801)484-3000