Sudden Events that Could Leave Your Business Desperately Treading Water
Business Partnership Disputes | Arizona
Neal Bookspan
My name is Neal Bookspan. I’m a partner at Jaburg and Wilk. I help my clients manage their legal risks in the area of litigation, transactional work, and creditors’ rights.
Is it possible to diffuse the tension and emotional nature of a dispute between business partners?
It is possible to diffuse the tension between a partnership or what we’d call a almost corporate divorce situation. In these situations you’ve got shareholders or members at odds and entities. It can affect the day to day running of a business. It can affect employees, customers. And one of the things that you have to look at is when you get a lawyer involved it helps take the tension and emotion out of the situation because you’ve got a third party who is removed form the dispute itself who can look at things with a clear eye and business judgement to help advise the client in a manner in which will healthfully help put things on a business level and not a personal level.
Is it really possible for a client to avoid expensive and extended litigation?
It is possible for a client to avoid extended and expensive litigation sometimes. Any litigation is very lengthy and expensive no matter how you look at it. But there are ways to try and resolve disputes early on and try and avoid the situations that result in endless amounts of cash being spent and fees being incurred. A lot of times what I utilize with clients at this point is pre-litigation mediation, either formal or informal settlement and mediation talks, anything to try and resolve the situation. Or come to some type of partial settlement that will help streamline the litigation, make it shorter, and hopefully reduce expenses for not only our clients but all the parties which always helps matters get resolved.
By: Neal Bookspan
My name is Neal Bookspan. I’m a partner at Jaburg and Wilk. I help my clients manage their legal risks in the area of litigation, transactional work, and creditors’ rights.
Is it possible to diffuse the tension and emotional nature of a dispute between business partners?
It is possible to diffuse the tension between a partnership or what we’d call a almost corporate divorce situation. In these situations you’ve got shareholders or members at odds and entities. It can affect the day to day running of a business. It can affect employees, customers. And one of the things that you have to look at is when you get a lawyer involved it helps take the tension and emotion out of the situation because you’ve got a third party who is removed form the dispute itself who can look at things with a clear eye and business judgement to help advise the client in a manner in which will healthfully help put things on a business level and not a personal level.
Is it really possible for a client to avoid expensive and extended litigation?
It is possible for a client to avoid extended and expensive litigation sometimes. Any litigation is very lengthy and expensive no matter how you look at it. But there are ways to try and resolve disputes early on and try and avoid the situations that result in endless amounts of cash being spent and fees being incurred. A lot of times what I utilize with clients at this point is pre-litigation mediation, either formal or informal settlement and mediation talks, anything to try and resolve the situation. Or come to some type of partial settlement that will help streamline the litigation, make it shorter, and hopefully reduce expenses for not only our clients but all the parties which always helps matters get resolved.
By: Neal Bookspan