Disagreements between partners can be very dicey situations particularly where there is no written agreement governing the partnership.
You should strongly consider working with an attorney to navigate through the situation and also to memorialize all of the decisions between you and your partner, especially who has rights to the licenses originally procured for your partnership. Ultimately, everything that the two of you decide should be reduced to writing as to avoid any confusion.
Further, often partners overlook the reality that both of their names are on certain documents such as leases, and that both remain on the hook for a breach of the lease in the event that the partner remaining in the location does fulfill his or her obligations. A lawyer would be able to help you negotiate out of the lease, or provide some sort of indemnification between former partners.
The information in this posting is for general information purposes only. No part of this posting should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.
You should consult with a business law attorney as soon as possible to assist you with this dispute before it gets further out of control. Oral agreements are enforceable, but it is more difficult to prove the terms of the agreement when it is not in writing.
This is an ideal situation for mediation, whether in our geographical region or via one of the many low cost or free "conference call" mediaiton services. The key here is to move forward in a process that allows for a fair and reasonable transition....any questions?
Shawn Jackson ESQ. (707) 584-4529
Business Development Attorney EMAIL: Attorneys@CaliforniaBusinessDevelopment.com
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