Business Partnership Dispute Resolution

Summary

In Colorado, business partnership disputes without a signed agreement are governed by the Colorado Uniform Partnership Act. Default rules apply, and partners owe each other fiduciary duties, requiring good faith and fairness. Using business funds for legitimate expenses is generally not considered theft. Consulting a business litigation attorney is advisable to navigate these disputes. You can find an attorney through the Colorado Bar Association, online directories like Avvo, or local law schools.

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I do not have a signed partnership agreement. I started a business with a person I knew and trained from before. Now he locked me out of our business together because of a business I would not give him half of in another state. Can I be charged with a crime for taking money out of a joint business account in Colorado when my partner was trying to lock me out and steal from me?
I'm sorry to hear about your situation. To assist you better, could you please clarify if the funds you took out were used for business-related expenses or personal use?
Business related I still have the rest in an account holding
In Oklahoma, handling disputes in a business partnership without a signed agreement can be challenging. Here are some key points to consider:
- Without a signed partnership agreement, default rules under Oklahoma's Revised Uniform Partnership Act (RUPA) apply.
- You could be accused of breach of fiduciary duty if funds were misused, but using funds for business-related expenses typically should not be considered theft.
It might be beneficial to consult a lawyer to navigate this complex situation.
Is there any specific aspect of this issue you need more information on?
This happened in Colorado is there any protections there or is it the same as Oklahoma
In Colorado, the situation is governed by the Colorado Uniform Partnership Act. Here are some key points:
- Default Rules: Without a signed agreement, default rules apply.
- Fiduciary Duty: Partners owe each other fiduciary duties, meaning they must act in good faith and fairness.
- Use of Funds: Using business funds for legitimate business expenses is generally not considered theft.
Is there a particular aspect of Colorado's laws you'd like more information on?
What type of lawyer to I go to for help in the above situation
You should consult a business litigation attorney. They specialize in disputes between business partners and can provide guidance on your rights and obligations under the Colorado Uniform Partnership Act.
Would you like more information on how to find a business litigation attorney in Colorado?
yes
Sure! Here are some steps to find a business litigation attorney in Colorado:
*. Bar Association: Contact the Colorado Bar Association for referrals.
*. Online Directories: Use websites like Avvo or Martindale-Hubbell.
*. Local Law Schools: They often have clinics or resources.
Would you like guidance on any specific aspect of finding an attorney?