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Some Suggestions In Addressing Disputes Within Partnerships

By Coleen Torres


Arguments are common in any kind of relationship. It is damaging for partnerships if not promptly addressed. It is ideal to discuss such matters behind closed doors to prevent others from intervening. They can only add to the frustration. It can even result in a great loss.

Investigate to distinguish its roots. Be systematic in gathering such facts. The misrepresentation may heighten emotions. Refrain from considering hearsay as an evidence. Conduct interviews, consult experts and do intensive research to support your conclusion. Thoroughly review each fact to avoid misrepresentations. Weigh each detail and extract the truths. Such information is helpful in achieving the best solution for the situation.

Hire a stenographer or use a recorder to take down the minutes of the meeting. This is helpful to prevent missing some important factors that might affect the resolution. Note that an effective agreement aims to benefit many once implemented. Document hard copies and index properly. This might happen again. Having such document will avert you from undergoing the same process.

Consulting a lawyer during the final stage will ensure that everything is valid and legal. This does not mean you have to file a case against the other party. This will ensure that both party's rights are protected. You need to safeguard your investment. You need to remember money can change people so you need some insurance to prevent others from harvesting the fruits of your labor.

Encourage your partners to run the company with you to avert suspicion. Segregate duties to ease the tasks and secure a well- managed operation. This is useful in monitoring anomalies damaging to the growth of the company. Demand each member to be vigilant to avoid conflicts from arising. Hear their opinions and give them the power to question any practice that needs revision.

Stop imposing your demands. You cannot expect others to agree with you instantly. Earn their respect. Prove your theory. Humbly ask for opinions if someone criticizes it. Compromise. Showing them tyranny alone will only result to misunderstandings. Someone might even take legal actions if they you refuse set aside pride. Take time to discuss matters professionally to avoid such instances from happening.

Treat your business partners equally. Remember brainstorming is very different from having arguments. Squabbles is not helpful in solving the indifference. Be open to creative suggestions. You will be amazed with the results. Such practice invokes trust and loyalty that are vital in overcoming challenges and keeping the company intact.

Partners are blessings if you know how to co-exist with them Having one around enables you to produce better ideas and perform more tasks simultaneously. It also allows you to monitor the company's progress in minimal efforts. Do not let petty arguments destroy the friendship. You have the same dreams. You just need to figure out how to fuse in those ideas without clashing.




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