Separations between partners have increased since the downturn of the economy.  A business partnership divorce, so to speak, may occur in a failed business, winding down of business venture, or the worst case scenario–a hostile divorce usually caused by a breach of the partnership agreement or other bad faith dealings.

Dissolving a partnership may get messy whether amicable or not.  Splitting future profits or current asset

This is probably obvious to most people doing business, but there are still a large number of people that still believe in doing business by a shake of the hand. The truth of the matter is that with important transactions, your agreement should be in writing even amongst good friends.

A written agreement is a protection for both parties.  A well-drafted agreement will anticipate not only remedies for bad actors in a tran