Protecting Yourself in Business Partnerships
Hello, this is Oklahoma Cannabis Business Attorney Jesse Kovacs with the OK Cannabis Law Office. Today we’re asking, what can I do to help protect myself when it comes to partnership disputes? Now this is one of the biggest issues that I see with our clients, prospective clients, is people got together and thought that they were going to do business together and everything was going to be swell and then things fall apart.
The one issue that can help you in this situation is getting stuff in writing. You need to have written contracts to spell out what your obligations are, what your duties are, and what happens, most importantly, if things fall apart. Because you can plan for all this. You can plan into the future to say if financing dries up or if supply dries up, then this happens, X, Y, Z. All that can be in writing and be spelled out. That can not only protect you in the long run but can allow you to prepare and move forward into the future.
Importance of Legal Documentation
Having legal documentation in place is crucial for protecting yourself in case of partnership disputes. These contracts outline the responsibilities of each party involved and provide a clear roadmap for handling potential issues that may arise. By having everything in writing, you can avoid misunderstandings and potential conflicts down the line.
Seeking Legal Advice
If you find yourself in a partnership dispute or want to prevent one from occurring, it’s important to seek legal advice from a qualified cannabis attorney. An experienced lawyer can review your contracts, guide you on how to protect your interests, and offer valuable insights to help you navigate any potential conflicts.
Get a Consultation Today
If you’re facing a partnership dispute or want to safeguard your business against future conflicts, contact the OK Cannabis Law Office for a low-cost consultation. Call us at 918-932-2879 to schedule an appointment and learn more about how we can help you protect your interests.