Negotiating the correct Partnership or Investment Agreement is vital to a successful enterprise. Maintaining that business partnership as the business progresses can be challenging due to various factors:

• Communication issues: Communication is key in any relationship, and it is particularly important in business partnerships. Misunderstandings, lack of clarity, and poor communication can lead to mistrust and strained relationships.

• Differences in goals and values: Business partners may have different objectives, priorities, and values. If these differences are not managed appropriately, they can cause conflicts and disagreements.

• Changes in leadership: If there is a change in leadership or ownership, it can affect the dynamics of the partnership. The new leadership may have different priorities and ideas, which can lead to friction and tension.

• Financial issues: Financial issues such as cash flow problems, late payments, and disagreements over financial management can put a strain on business partnerships.

• Cultural differences: Cultural differences in business practices and communication styles can create challenges in maintaining partnerships with international or cross-cultural partners.

• Lack of trust: Trust is essential in any partnership, and it can be challenging to establish and maintain trust in business partnerships. Lack of transparency, poor communication, and breaches of confidentiality can erode trust.

• To maintain business partnerships successfully, it is essential to establish clear expectations and goals, communicate effectively, build trust, and manage conflicts constructively. It is also essential to regularly assess the partnership’s performance and adjust strategies as needed to ensure that both parties are benefiting from the relationship.

• At United ADR, we have the business and legal professionals who understand the complexities of any business relationship and who can either help you negotiate the troublesome issues before your partnership agreement is executed or after troubling issues have arisen.

We will get you to resolution quickly, effectively and efficiently.

Specialists: Mitchell S. Cohen, Neil Roghair, Peter McLane, Rachel Namba, Aimee Hart, Mark E. Rosenberg, Yale Pollack