Many business owners enter partnerships with optimism, but optimism alone doesn’t hold up in court. A handshake deal might feel trustworthy, but it’s one of the most common causes of partnership disputes we see at Alisme Law.
The First Red Flag: “Let’s Just Shake Hands”
In his recent interview with the Business Bros Podcast, Attorney Joam Alisme explained that if a potential partner avoids putting things in writing, that’s your first major warning sign. Without a written partnership agreement, disagreements about profits, responsibilities, or exits often become legal battles.
Why Verbal Promises Lead to Litigation
When there’s no contract, courts rely on interpretation instead of intent. A well-drafted partnership agreement defines each party’s rights and obligations and helps prevent costly disputes later on.
Stay Tuned for the Next Red Flag
This is the first in a short series based on our conversation with the Business Bros Podcast. Follow Alisme Law to learn the next major red flag every business owner should know before entering a partnership.
📞 Call (917) 970-1212 or email info@alismelaw.com to schedule a case evaluation.