That being said, relations between partners can become tense at times. Disputes can arise and if they are not resolved, they can create real problems. Outlined below are some of the most common causes of disputes between business partners.
Business partners should have different strengths and weaknesses so that they complement one another. However, their core goals and values should be similar. For example, if one partner is only in it for the short term, but the other sees the venture as a long-term project, this can create disagreements. Both partners need to make sure they are on the same page in terms of core objectives before signing a partnership agreement.
The workloads of business partners should be distributed fairly. While one partner may take a more hands-on approach, this should be agreed upon before a formal agreement is signed. If a partner feels like they are taking on an unfair share of the workload, they can soon become unsettled.
Business partners have a fiduciary duty. This means that they must act in the best interests of the company. Partners should not take unnecessary risks that place the company in jeopardy. They also should not siphon money from the company for personal profit. Breaches of fiduciary duties are among the most common causes of partnership disputes.
Negotiations between partners can be formalized in a partnership agreement. If you need help drafting a partnership agreement or resolving a dispute, contact our law firm today.
]]>Obviously, the children's needs should be the primary focus when creating a parenting time schedule. Consider their ages, routines, school schedules, extracurricular activities and social life. Younger children might need more consistency with fewer transitions, while older children may handle more frequent switches between homes. With that said, if a parenting schedule doesn’t work practically for the adults in a family, it won’t be sustainable, so it’s important to consider your needs and your ex’s if you’re faced with this consequential task.
You’ll want to evaluate your work schedules, commitments and lifestyle realistically when planning. It's important to create a schedule that aligns with your ability to provide care and attention to your children. Overcommitting or underestimating your availability can lead to stress and disappointment.
You’ll also want to keep in mind that children thrive on consistency and routine. Try to establish a regular pattern for transitions between homes. Consistent days of the week, times for pickups and drop-offs, and a predictable routine can help children to feel more secure and settled.
Finally, while consistency is key, some flexibility is also necessary. Life is unpredictable, and you may need to adjust the schedule for special occasions, emergencies or changes in circumstances. Agree on how you will manage these changes and communicate about them so that you can formalize some compromise-related protocols in your formal parenting time plan.
Crafting a workable parenting time schedule is rarely an easy undertaking. Therefore, it’s important to understand that you don’t have to tackle this task alone. Please call our firm for more information about how we can help.
]]>