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Tips for dispute resolution with a business partner

On Behalf of | Nov 13, 2023 | Business Law |

Starting a business with a partner is kind of like starting a band. You’ve got the shared dreams and the blend of talents. But you also have the occasional creative differences about which direction to take next. And just like in a band, when those differences turn into disputes, you’ve got to handle them appropriately. 

Now, think about the times you’ve been in a disagreement. Yelling across the room never gets anyone anywhere. When you sit down with the involved parties, you start making headway. It’s the same in business. Consider these tips to help you resolve partnership disputes effectively.

Give each other space 

When you and your partner are at odds, find a neutral spot to hash things out. Maybe grab a coffee or take a walk. Changing the scenery can change the vibe and help you both come to the conversation a bit more relaxed. Plus, it keeps the tension away from your team, which is crucial for maintaining a stable and productive workplace.

Play to each partner’s strengths

Every partner brings something unique to the table. When you’re stuck on a decision, look to a partner who knows their stuff in that area. Respecting each other’s expertise not only smooths over disputes but also sets a solid example of teamwork for everyone else.

Sometimes, though, you might find you and your partner just can’t see eye to eye, no matter how hard you try. When you’re at that crossroads, it might be time to bring in an unbiased third party. Disputes aren’t fun, but they don’t have to be the end of the world—or your business. With some clever tactics and a cool head, you can get past them and back to what you do best: making your business successful.


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