For many business partners, particularly those in small to medium-sized entities, the cost to litigate major legal matters can severely damage and even threaten the viability of the business. In addition, the time and expense of resolving these matters in court does not always lead to an amicable settlement. And when the relationship between business partners is strained, it can damage trust and make it challenging to continue doing business together.
Mediation provides a workable alternative for either resolving a business conflict and/or negotiating a partnership agreement. The neutral, third-party mediator meets with the partners in a non-adversarial setting to work out an agreement that fully addresses the needs and interests of each party. The mediation process is typically far less expensive than litigation, can be completed within a shorter period of time, and is kept completely confidential.
At AMS, we have a team of highly skilled professionals that can be called upon when needed to address various aspects of the business partnership agreement. We work closely with accountants/CPAs, business valuators, financial advisors, and other specialists. Our clients can receive expert guidance regarding these matters all under one roof.
Successful business partnership mediation typically results in a written agreement that may or may not be enforceable in court (depending on the specifics of the agreement and the preferences of the parties involved). And because the partners came up with the agreement together, they are much more likely to honor it and work closely together for the future benefit of the business. Mediation also helps business partners to better understand the point of view of the other partner(s), which is an understanding that can be drawn upon if/when future disagreements arise.
