A partnership dispute typically arises from disagreements over profit-sharing, decision-making authority, breach of the partnership agreement, or one partner wanting to exit the business. Most partnership agreements include a dispute resolution clause specifying negotiation, mediation, or arbitration as the first step before litigation. Where there is no written agreement, the Partnership Act 1890 governs the default rights and obligations between partners.
Quick Question
What Is a Partnership Dispute and How Is It Resolved?
The short answer
Quick answer
A partnership dispute typically arises from disagreements over profit-sharing, decision-making authority, breach of the partnership agreement, or one partner wanting to exit the business.
General information only. This answer does not constitute legal advice. The appropriate response depends on the facts and circumstances of each matter.