In a business partnership, two or more parties come together to conduct business. This can be a partnership between two or more people, or between business entities. Sometimes partnerships are intended to be permanent. Other times they are formed with a specific business aim, for example, when two businesses want to expand their customer base or work together to conduct research regarding market trends.
Regardless of the type of business partnership, there will be terms that all involved parties agree to follow. The terms of a business partnership are often laid out in a business partnership agreement.
Despite these terms, it is still common for disputes to arise due to violations of the contract or a number of other commonplace [...]