Is Your Partnership Agreement Strong Enough to Withstand a Dispute?
Let’s be honest — when people start a business together, no one really wants to think about things going wrong. We all imagine the best-case scenario... the shared wins, the late-night brainstorming, the “we’re in this together” kind of energy. But here is the truth — even the strongest partnerships can hit rocky waters when money, control, or future plans come into play. And that is exactly when a solid partnership agreement can make or break everything. We have seen it too many times — two good friends launch a business, they skip the paperwork because “we trust each other.” Fast forward a few years... one wants to expand, the other wants to cash out, and suddenly trust is out the window. Without a proper agreement, the argument turns personal, legal bills pile up, and the business suffers. Now, before you roll your eyes and think, “We will never fight like that,” just know this — most business partner disputes start small. A missed payment here. A disagreement over workload there. B...