12 Warning Signs12 Warning Signs You’re Headed For A Lawsuit With Your Partner

“When money gets tight, partners fight”

Joint ventures or partnerships—the coming together of two or more parties for a common purpose—can be one of the most powerful ways to do business. When done correctly, joint ventures can help all involved achieve more than they could do by themselves, do business more safely by diversifying their risk, grow their business, save time, connect with like-minded individuals, have more fun, hold each other accountable (in a positive sense), and ultimately make more profits for all. However, whenever two or more people do business together and money is involved, there is the potential for disagreement, disputes and disaster. Right now, in the worst economy since World War II, that is more true than ever. When money gets tight, partners start to fight.

This Special Report will outline 12 warning signs (derived from the author’s decades of experience handling real estate partnership formations and disputes and discussions with other real estate lawyers and investors) that you may be headed for a lawsuit with your joint venture partner. If you encounter one of these, it does not mean you will definitely end up in litigation with your partner. It is a “warning” that you should heed and try to take immediate action to deal with it. If you are already in a lawsuit with your partner, consider the following as a checklist to use when forming your next joint venture to minimize the chance you will end up in a dispute with that partner.

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