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- Nature of disputes
Corporations, partnerships, joint ventures and trusts
Business enterprises are usually formed through partnerships, companies, joint ventures or trusts. This note deals with disputes between those involved in one of these business structures.
Disputes may arise because there was no formal agreement or a poorly drafted or poorly thought through or uncertain agreement, or because the circumstances of the parties have changed or the terms of an agreement have been disregarded or otherwise breached.
Disputes may range from personality disputes, to disagreement about business goals or dysfunctional partnerships. Disputes can arise from projects which have gone sour or lost money.
The basic elements of disputes involving business structures are generally proprietorship, financial benefit and control/management.
See Corporations, partnerships, joint ventures and trusts.