A Limited Liability Partnership LLP protects the partners by limiting their liabilities to their interests in a business’s assets. When disputes arise, partnership agreements are referred to for resolving the disputes. The Law Offices of Alex R. Hernandez Jr. advise clients on matters related to partnership agreements and other aspects that come into play during a dispute.
Ignorance of law or dependence on default provisions in the absence of a properly drafted partnership agreement can be detrimental to the interests of one or both parties involved.
LLP disputes can become costly affairs and matters can spill over beyond commercial matters. This impacts the profitability of the business and also the peace of mind of parties involved. A legal resolution can be expensive and time consuming. We try our best to resolve matters through negotiation and mediation. Our experience shows that mediation is quicker and can also mend relationships so that business can continue.
Dispute resolution requires not just an understanding of the laws involved but also of the commercial and financial aspects of an LLP. We evaluate our client’s contribution and interests in the assets to be divided and make sure that the client gets a fair and just share.