Shareholders and investors in New Jersey may benefit from learning more about the different ways that an executive, owner, operator or partner may be ousted from an organization. Regardless of the organizational structure, the most effective means for resolving partner disputes may be by participating in direct negotiations. When partners are unable to reach an amicable resolution, an objective third party may be able to assist the disputing partners.
In some cases, organizations prefer to rely on mediation, non-binding arbitration or binding arbitration headed by qualified professionals. These alternative means to dispute resolution are often preferred because they have helped many organizations save money and time. This strategy may also help organizations minimize the tension or contentiousness that is often associated and exasperated with partner disputes. If resolutions for disputes have not been established in a written agreement already, the only remedy for owner, partner or shareholder disputes may be to dissolve the organization and start over.