12 WARNING SIGNS YOU’RE HEADED FOR A LAWSUIT WITH YOUR PARTNER JEFFREY H. LERMAN
#9:
Partner Has Past Track Record of
Being Litigious
entries altogether, commingling of funds, etc.),
there is an excellent chance that when it comes
time to settle up and pay out profits (or require
You should do “due diligence” on your prospective
partner just like you do due diligence on your
investments. One of the things you should
investigate is how many times they have been a
party to lawsuits. The results can sometimes be
more money in the form of cash calls), there will be
a vigorous dispute over who is entitled to what.
Solution: Do whatever it takes to nip this problem in
the bud now. Clean up your books and records
immediately.
shocking. In doing a 5-minute free online search of
a county court database, we discovered that an
#11: No Glue
individual who we were contemplating forming a
new joint venture with, had been involved in 69
“Glue” is what holds two or more peopl