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What to Know About The Legal Side of Ending a Business Partnership in Ontario

Starting a business with someone who shares your goals and passion can be an exciting step, but when you are just beginning, you do not necessarily think about ending a business partnership. Even when things begin on the right foot, not every partnership lasts forever. Over time, partners may face disagreements, grow apart professionally, or decide to pursue different paths. When that happens, ending the partnership becomes necessary—and it is not always a straightforward process.

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Eric Gionet Eric Gionet

The Ins and Outs of Business Partnership Break-Ups and Where a Lawyer Comes In

Business partnership break-ups can sometimes be more complicated and stressful than a personal separation. Many people start businesses with friends or family, relying on trust and good intentions rather than putting formal agreements in place. Sometimes, they skip legal documents to save money in the beginning. But when disagreements arise—especially after a business has become successful—having no clear plan makes things much harder to resolve.

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