Hello! My name is XXXXX XXXXX I look forward to helping and providing you information today.
I am sorry you are dealing with this situation and a partnership
that has gone sour. Unfortunately unless you can agree on a proper dissolution you will either end up in court or mediation.
Each partner owes a fiduciary duty to the other and to the extend the other partner has breached this duty he is liable to the other partner for losses and damages as a result of this breach.
When partners do not agree to dissolving the partnership or can not agree on a buy-out, the options that are available are either court action seeking a court order to dissolve the partnership or mediation. Filing a lawsuit to dissolve and wind up the partnership should be a last resort as this will take much time and legal fees could get expensive.
Mediation has proved to be a reasonable means to resolve business partnership disputes. Mediation services are available to have a certified third party review the facts and come to a reasonable resolution past on current law. The Florida Circuit-Civil Mediation Society maintains a list of mediators that are available: www.floridamediators.org/index.php
All my best & encouragement.
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All states have intricacies in their laws and any information given is simply information only and specifically is not intended to be, nor does it constitute, legal advice. This communication does not establish an attorney-client relationship with you.