I've been trying to resolve this on my own but I'm stuck.
partnership dissolution deadlocked. I've been dealing with this for about 6 weeks now and the situation isn't improving.
The contract was signed 15 months ago. I have a copy of the original agreement. The total amount in dispute is approximately $49,000.
Do I have a strong case? What should my next steps be?
Licensed attorney — a few thoughts. Here's my take on the legal issues.
Based on what you've described, you likely have a viable claim under the implied covenant of good faith. The standard is whether a reasonable person would find the conduct commercially reasonable.
One important thing — there are strict deadlines for filing these claims. Don't wait too long.
I've dealt with this before.
I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.
Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.
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.
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.