Disagreements between business leaders are fairly commonplace, but the ramifications can be detrimental to your business.
Parrott & Coales Solicitors has vast experience in boardroom disputes and providing practical, commercially-minded advice to directors, shareholders and partners. Businesses are often built and led by people who are passionate about what they do – but this means differing opinions can often become heated. Business disputes can be damaging to everyone involved, as well as the business itself, and in many cases the most viable solution is for one or more parties to depart the business.
Our solicitors work to minimise the damage to your business by resolving disputes quickly and effectively. Far too many businesses have closed their doors too early due to director disputes, when partnering with a specialist solicitor could have provided practical solutions and potentially saved their business.
There are a number of reasons disputes between shareholders/directors can arise. The conflicts we see most frequently are caused by:
Leading a business isn’t easy and – particularly with an increasing number of start-ups and the impact of the Coronavirus pandemic on many industries – disputes can be hard to avoid.
Parrott & Coales Solicitors are currently offering a free initial call to anyone who wants to discuss their dispute with a Solicitor. Contact us today.
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I want to personally thank you all for working with me on this case, couldn’t have done it myself.
Thanks for all your hard work and effort and days you’ve all put into this. It’s been great working you all and I’ll always come to you for legal / jobs matters.
Thank you again for all efforts by yourself and your colleagues, that has enabled this matter to be acted upon so readily, and which has resulted in a timely satisfactory closure not long after our initial meeting with yourself and your co-associate.
Prevention is better than cure: wherever possible, businesses should seek legal support in setting up agreements and structures to stop disputes arising in the first place. Well-considered shareholder, partnership and member agreements, employment contracts and strong structures and procedures should help to set clear expectations and also outline the proper mechanisms for exit.
Cards on the table: when a dispute does arise, early open dialogue is essential. Your solicitor will help you understand your legal rights and the rights of all parties involved, as well as exploring the underlying issues and the full range of potential solutions.
Court proceedings as a last resort: in instances where an agreement simply isn’t possible, then court proceedings can be initiated to seek assistance in resolving the conflict. If you are considering initiating court proceedings yourself then strong legal representation is essential.
A clean break: exiting a business can be painful, both financially and emotionally. Agreeing a fair market price for the leaving individual’s interest in the business allows all parties to move on.
We understand that business relationships can become complex. Director disputes can result stress and sometimes have a negative impact on the bottom line, which is why we help resolve disputes quickly, effectively and discreetly.
Contact us today for a free initial phone call.
