An organization’s understanding can frame the jobs and obligations of each accomplice and how questions will be settled. However, it’s possible that even well-drafted partnership agreements won’t be able to anticipate future disagreements.
A few options are available if you and your business partner are at odds. Baker Law Group’s Denver business attorney can help you negotiate a settlement or participate in mediation. You might want to consider court or arbitration if those methods don’t work.
You may be able to sue a business partner in Colorado for various torts, including contract breach, fraud, breach of fiduciary duty (which includes breach of the duty of loyalty or care), and others. However, before deciding, weighing the benefits and drawbacks with objective, well-informed advice is essential.