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Contract Interpretation Dispute — partnership dissolution deadlocked

Started by newbie_student_MA · Feb 7, 2024 · 1,274 views · 7 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
NS
newbie_student_MA OP

Quick background on my situation — any input appreciated.

partnership dissolution deadlocked. I've been dealing with this for about 5 months now and the situation isn't improving.

The contract was signed 24 months ago. I am not sure I have the original signed copy. The total amount in dispute is approximately $118,000.

Am I overthinking this or is this a real legal issue worth pursuing?

CP
ContractLaw_Priya Attorney

I practice in this area. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the implied covenant of good faith, which requires showing commercially reasonable.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

CM
ContractorMike_CA

I've dealt with this before.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

LT
LandlordTom_TX

I've seen this play out several times in my field.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

DS
DevOps_Seattle

Not a lawyer, but I have direct experience with this.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

RE
RemoteWorker_EU

Not a lawyer, but I have direct experience with this.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

SA
seeking_advice_dev_FL

NAL, but from what I've read, you should send a written demand. That said, definitely get a lawyer to look at the specifics.

NB
newbie_business_owner_CA

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

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