Partnership Disputes
Case Study
- 100% Confidential & No Obligation
PARTNERSHIP DISPUTES
Partnership disputes can happen in any partnership. In this case a solicitors firm fell into severe difficulty following the expulsion of two of their partners, the three remaining partners wanted to dissolve their partnership whereby a dispute arose over various issues concerning who would retain clients, IP rights, equipment as well as the lease.
Clearly none of the remaining three trusted one another, none of them wanted to take on the hefty lease which was due to expire in two years. It was suggested by one of the partners that they continue to pay the lease and operate from their own individual premises, this was protested by the other two partners as they did not want to increase their overheads, the object was to minimise them.
A clause in the lease allowed them to sub lease the premises with the landlords consent, whereby they agreed to do this, providing consent was given, if not then all three of them agreed to continue to operate from the premises until the lease expired.
PARTNERSHIP DISPUTES MEDIATION SOLUTION
The issue of IP rights was quickly resolved, due to the fall out and the bad taste this had left, none of them actually wanted the IP rights, even though originally all of them did, which was clearly being used as a negotiation tactic, they all agreed that any equipment they had purchased individually belonged to them and would be taken with them when they set up their own offices.
Any surplus equipment and furniture could be brought by whoever wanted it out of the three, or just sold on and the proceeds to be split equally between the three. Although no debts except service charges and utilities were anticipated in the spirit of being amicable as one partner contended they agreed to split any such debts equally three ways, any profit would be split according to who had billed for that work, any surplus funds would be paid according to their shareholding, all three would take their respective clients with them.
PARTNERSHIP DISPUTE STATISTICS
The mediation took 1 day compared to the 10 months these partnership disputes had already gone on.
The mediation cost each party only a fraction compared to the thousands they had already spent on legal fees and the thousands they would have had to spend had they continued with Court action.
SHAREHOLDER & PARTNERSHIP
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Director, International Commercial & Workplace Mediator & Trainer
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Arbitrator, Academic & Commercial Mediator
One of the UK’s most experienced commercial and workplace mediators and mediation trainers. Mediating since 2002 across all sectors with over 2000 mediation’s conducted.
Here to help you resolve your dispute quickly, cost effectively and without stress. As well as to answer all your questions about mediation.
Has mediated every single type of civil, commercial, employment, family, boundary, neighbour and workplace dispute. It is easier to say what he has not mediated, rather than what he has.
A Fellow of the Civil Mediation Council. A Law graduate, a CEDR, Academy of Experts & ADR Group Accredited Commercial Mediator. A Qualified Dispute Resolver, a UK Mediation Accredited Workplace & Community Mediator. A Qualified Manager through the Chartered Management Institute – Level 5.
An associate Teacher and qualified Trainer, holding the Certificate in Teaching in the Lifelong Learning Sector – Level 4. Since 2007 he has been on the global mediation training faculty of the Chartered Institute of Arbitrators. Who he has delivered mediation training for, in the UK and overseas, on numerous occasions. Between 2018 and 2020, he was the Head of Mediation Training for the ADR Group. The oldest (1989) mediation training provider in the UK.
