{"id":1102,"date":"2018-12-17T12:42:51","date_gmt":"2018-12-17T19:42:51","guid":{"rendered":"https:\/\/ogbornelaw.com\/?p=1102"},"modified":"2023-07-21T21:03:52","modified_gmt":"2023-07-21T21:03:52","slug":"4-ways-to-prevent-a-business-partner-disagreement","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/4-ways-to-prevent-a-business-partner-disagreement\/","title":{"rendered":"4 ways to prevent a business partner disagreement"},"content":{"rendered":"<p>A business partner disagreement can quickly derail your company&#8217;s goals, leading to a loss of revenue or even the end of your business. Constantly getting into battles with your business partners isn&#8217;t good for employee morale either. The best way to prevent a business partner disagreement is to address the common causes <a href=\"https:\/\/ogbornelaw.com\/10-signs-a-partner-disagreement-is-close\/\" target=\"_blank\" rel=\"noopener noreferrer\">before they start<\/a>. Here&#8217;s how to do it.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/4-ways-to-prevent-a-business-partner-disagreement\/#Get_Everything_in_Writing\" >Get Everything in Writing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/4-ways-to-prevent-a-business-partner-disagreement\/#Commit_to_Communicating\" >Commit to Communicating<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/4-ways-to-prevent-a-business-partner-disagreement\/#Have_an_Exit_Strategy\" >Have an Exit Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/4-ways-to-prevent-a-business-partner-disagreement\/#Get_Your_Partnership_Documentation_in_Order\" >Get Your Partnership Documentation in Order<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Get_Everything_in_Writing\"><\/span>Get Everything in Writing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Memory is selective, and you could be setting yourself up for a major <a href=\"https:\/\/ogbornelaw.com\/avoid-business-disagreements\/\" target=\"_blank\" rel=\"noopener noreferrer\">business partner disagreement<\/a> if you don&#8217;t put everything in writing. What may seem perfectly clear to you may be confusing or unclear to your partner. Hashing out the details while you put everything in writing can help prevent misunderstandings. It also gives you a document to reference if a disagreement comes up later.<\/p>\n<p>It&#8217;s important to institute this policy from the start. When planning your company&#8217;s goals or conducting monthly staff meetings, make a note of everything you and your partner discuss. This way, you can transcribe your notes later on to produce official documents. You and your partner should both agree on the content of any documents before dispersing them to your team.<\/p>\n<p>While it may not seem like that big of a deal, taking the time to work through all of the details in advance can prevent uncertainty later on. Confusion is often at the heart of a business partner disagreement, so it&#8217;s in your best interest to be as clear and direct as possible.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commit_to_Communicating\"><\/span>Commit to Communicating<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Proper communication can prevent a business partner disagreement before it starts. You and your partner are both adults, so you should have no trouble talking through any issues that arise. When discussing sensitive topics, do your best to keep a cool head. Yelling isn&#8217;t constructive and won&#8217;t help solve any problems. Keep your company&#8217;s best interests ahead of your own and ask that your partner does the same.<\/p>\n<p>If you find yourself getting upset in the heat of the moment or if you feel like you&#8217;re being put on the spot, it&#8217;s perfectly acceptable to <a href=\"https:\/\/ogbornelaw.com\/7-tips-protecting-business-workplace-conflicts\/\" target=\"_blank\" rel=\"noopener noreferrer\">step away from the conversation<\/a>. Let your partner know that you need a little time to come up with a response or solution. This can help avoid a business partner disagreement in the heat of the moment. Don&#8217;t forget to put the results of any discussions in writing!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Have_an_Exit_Strategy\"><\/span>Have an Exit Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Of course, no one likes to think about the demise of their business, but it pays to have a strategy in place just in case. This way, you won&#8217;t get into a business partner disagreement over who owes this or is responsible for that. All of this information will already be clearly spelled out in your exit strategy.<\/p>\n<p>The best time to come up with your escape plan is well before you need it, preferably before your business even gets off the ground. Outline each partner&#8217;s financial responsibilities and ownership percentage. Include provisions for one partner choosing to leave while the business is still operational.<\/p>\n<p>When your business is thriving, you&#8217;ll have a much clearer head about the stressful issues that might arise in the future. This calm, rational approach can help you avoid a business partner disagreement as you discuss future plans.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Get_Your_Partnership_Documentation_in_Order\"><\/span>Get Your Partnership Documentation in Order<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Whether you&#8217;re just starting your business or you&#8217;re well on your way to success, <a href=\"https:\/\/ogbornelaw.com\/services\/business-law\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ogborne Law is here to help<\/a> you. We offer:<\/p>\n<ul>\n<li>Business contract drafting or review<\/li>\n<li>Business strategy review to make sure you aren&#8217;t missing any important legal documents<\/li>\n<li>Flat-fee packages with customized legal documents<\/li>\n<li>Mediation services to resolve disputes<\/li>\n<li>Statutory agent services<\/li>\n<\/ul>\n<p>Before you even think about starting a business partnership, <a href=\"https:\/\/ogbornelaw.com\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact Ogborne Law<\/a>. When you&#8217;re ready to get started, let&#8217;s talk so we can determine how we can help protect your business from the unknown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A business partner disagreement can devastate your company. Learn more about four ways to prevent it from happening to you.<\/p>\n","protected":false},"author":3,"featured_media":11421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-1102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-45","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 ways to prevent a business partner disagreement - Ogborne Law, PLC<\/title>\n<meta name=\"description\" content=\"A business partner disagreement can devastate your company. Learn more about four ways to prevent it from happening to you.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 ways to prevent a business partner disagreement\" \/>\n<meta property=\"og:description\" content=\"A business partner disagreement can devastate your company. 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