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Protecting Your Business When Partnerships Break Down

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Protecting Your Business When Partnerships Break Down

Dallas Partnership Dispute Lawyers

Partnership disputes often arise from disagreements over control, profit sharing, roles, or long-term business direction—issues that can quickly escalate and jeopardize the future of the company. Whether it’s a breach of a partnership agreement, a breakdown in trust, or a deadlock in decision-making, these conflicts demand swift, strategic legal intervention.

 

Roquemore Skierski’s Dallas-based partnership dispute lawyers represent business owners and partners across Texas in resolving internal conflicts and protecting ownership interests. Our clients are hands-on entrepreneurs and professionals who’ve built something worth preserving—and who need legal advice that’s practical, focused, and grounded in real-world experience.

 

When we take on a dispute, we bring clarity and structure. Whether through litigation or dispute mediation, we help clients find a resolution that safeguards the business and protects their role in it. We understand what’s at stake—your investment, your reputation, and your ability to move forward—and we fight to secure it.

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Our team represents business owners in a range of partnership dispute situations, including:

  • Partnership Disputes

Partnership disputes often arise when one partner fails to uphold their obligations under a written or verbal agreement, leading to breakdowns in trust and business operations. These conflicts can involve profit sharing, decision-making authority, or the misuse of business assets. Our partnership dispute lawyers help business owners resolve partnership disputes efficiently and enforce their rights under the terms of the agreement.

Shareholder disputes can arise over control, profit distribution, dilution, or access to company information—especially in closely held corporations. These conflicts can disrupt governance, delay decisions, and threaten long-term value. Our securities lawyers represent majority and minority shareholders in enforcing their rights and resolving disputes through negotiation, litigation, or corporate restructuring.

A breach of a partnership agreement occurs when one partner fails to uphold the terms of the deal, whether related to duties, capital contributions, or management roles. These violations can threaten the health and future of the business. Our partnership dispute lawyers work to enforce the terms of the agreement and resolve conflicts through negotiation, mediation, or litigation.

A breach of an operating agreement can lead to serious conflicts between members of an LLC, often involving disputes over voting rights, profit distributions, or management decisions. These issues can disrupt day-to-day operations and damage long-term business relationships. Our partnership dispute lawyers help clients enforce operating agreements and resolve internal conflicts while protecting their ownership and control.

A breach of fiduciary duty occurs when a partner acts in their own interest at the expense of the business or other partners, violating the trust that underpins the relationship. This can include self-dealing, misusing company funds, or withholding critical information. Our partnership dispute lawyers represent clients in holding partners accountable and pursuing remedies that protect the integrity of the business.

Financial fraud between partners—such as hidden income, theft, misappropriated funds, or falsified records—can cause lasting damage to both trust and the business itself. These situations often require a thorough investigation and swift legal action. Our partnership dispute lawyers help clients uncover financial misconduct and pursue claims to recover losses and restore accountability.

Business dissolution between partners can stem from unresolved disputes, shifting goals, or breaches of agreement, and often involves complex questions around asset division, liabilities, and control. A poorly managed dissolution can expose partners to long-term legal and financial risk. Our partnership dispute lawyers guide clients through the dissolution process with a focus on protecting their interests and ensuring a clean, compliant exit.

Our partnership dispute lawyers help business owners in a range of situations, including:

  • Partnership Disputes

Partnership disputes often arise when one partner fails to uphold their obligations under a written or verbal agreement, leading to breakdowns in trust and business operations. These conflicts can involve profit sharing, decision-making authority, or the misuse of business assets. Our partnership dispute lawyers help business owners resolve partnership disputes efficiently and enforce their rights under the terms of the agreement.

Shareholder disputes can arise over control, profit distribution, dilution, or access to company information—especially in closely held corporations. These conflicts can disrupt governance, delay decisions, and threaten long-term value. Our securities lawyers represent majority and minority shareholders in enforcing their rights and resolving disputes through negotiation, litigation, or corporate restructuring.

A breach of a partnership agreement occurs when one partner fails to uphold the terms of the deal, whether related to duties, capital contributions, or management roles. These violations can threaten the health and future of the business. Our partnership dispute lawyers work to enforce the terms of the agreement and resolve conflicts through negotiation, mediation, or litigation.

A breach of an operating agreement can lead to serious conflicts between members of an LLC, often involving disputes over voting rights, profit distributions, or management decisions. These issues can disrupt day-to-day operations and damage long-term business relationships. Our partnership dispute lawyers help clients enforce operating agreements and resolve internal conflicts while protecting their ownership and control.

A breach of fiduciary duty occurs when a partner acts in their own interest at the expense of the business or other partners, violating the trust that underpins the relationship. This can include self-dealing, misusing company funds, or withholding critical information. Our partnership dispute lawyers represent clients in holding partners accountable and pursuing remedies that protect the integrity of the business.

Financial fraud between partners—such as hidden income, theft, misappropriated funds, or falsified records—can cause lasting damage to both trust and the business itself. These situations often require a thorough investigation and swift legal action. Our partnership dispute lawyers help clients uncover financial misconduct and pursue claims to recover losses and restore accountability.

Business dissolution between partners can stem from unresolved disputes, shifting goals, or breaches of agreement, and often involves complex questions around asset division, liabilities, and control. A poorly managed dissolution can expose partners to long-term legal and financial risk. Our partnership dispute lawyers guide clients through the dissolution process with a focus on protecting their interests and ensuring a clean, compliant exit.

Frequently asked questions

FAQ's

 Any conflict between co-owners of an LP, LLP, general partnership, or LLC, typically over profits, management control, fiduciary breaches, or exit terms.

No, but without one your company will default to the Texas Business Organizations Code, which may split profits and voting power equally even if contributions differed.

A buyout may be forced only if your agreement has a buy-sell clause or a court orders a receivership/dissolution; otherwise, you’ll need a negotiated redemption or asset sale.

In Texas, you generally have four years to sue for breach of a partnership agreement or breach of fiduciary duty under Tex. Civ. Prac. & Rem. Code § 16.004. Claims for conversion or fraud are tighter, with limitations ranging from two to four years depending on the facts and when the wrongdoing was discovered.

Courts may order accounting of profits, damages for lost income, disgorgement of wrongful gains, injunctions, forced buyout, or judicial dissolution with a receiver appointed.

Yes, if the partnership or operating agreement mandates AAA/JAMS arbitration or a mediation step. That power rests on the partners’ broad contractual freedom under the Texas Business Organizations Code (§ 152.002 for partnerships and § 101.052 for LLCs), which lets the agreement dictate dispute-resolution procedures, and on the Texas Arbitration Act, which enforces clear arbitration clauses.

In receivership, a court-appointed neutral takes temporary control of the business to preserve assets, resolve deadlock, or wind up operations when owners can’t cooperate.

Banks often require dual signatures, but a managing partner with authority can act unilaterally; the aggrieved partner should seek an injunction and accounting.

Court filings are public, but early mediation or confidential arbitration can minimize exposure. Injunctions may also protect trade secrets during the dispute.

You should never wait to hire an attorney. The best time to hire an attorney is as soon as mistrust arises, and especially before records disappear, money moves, or deadlines lapse. Early legal strategy preserves leverage and may prevent a costly dissolution.

Not sure how to solve a partnership dispute?

Our experienced partnership dispute lawyers help Texas business owners resolve internal conflicts that threaten their companies. Whether you’re dealing with a breach of a partnership agreement, financial misconduct, or a deadlock over business direction, we’re here to protect your interests. Schedule a confidential consultation today and take the first step toward clarity, resolution, and moving forward.

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proudly serving Dallas and the surrounding area

While our business litigation attorneys are based in Dallas, we proudly serve clients in and around Dallas, Arlington, Denton, Fort Worth, Frisco, McKinney, Plano, and the surrounding area. Whether your company is facing a contract dispute, partnership conflict, or other commercial challenge, we deliver strategic counsel and strong representation across the DFW Metroplex.

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