Partnership Lawyer

Strategic business partnerships and joint ventures.

Legal representation on the death of a partner.

 Main    Lawyer    Partnership Agreement    Partnership Buy-out    Partnership Dispute    Email    403-400-4092    416-887-9702

Main

Legal Counsel

Business Partnerships

The Agreement

No Agreement / Generic

Custom Agreement

Primary Components

Partnership Buy-Out

Selling Your Stake

Partner Forced Out

Buying Out Partners

Buying Into Partnership

Partnership Dispute

Partnership Breakdown

Delusional Partners

Disrespected Partners

Death / Terminally Ill

Misappropriating Opportunity

Valuation Disputes

Dissolution of Partnership

Forms of Partnership

General Partnership

Limited Partnership

Limited Liability Ptp (LLP)

Extra-Provincial Ptp.

Joint Ventures

 

DEAD BUSINESS PARTNERS

The sudden death of a business partner can be a calamitous event for all interested parties, from the surviving partner to the estate of the deceased partner. For there is an expectation that one's business partners will not meet an untimely demise. So when it does occur, not only is it unfortunate and heart breaking on a personal side, it can be highly problematic on the business side.

The situation is only exacerbated when there is no partnership agreement or the terms of the agreement are inadequate given the business' financial situation. For where a comprehensive partnership agreement is in place, together with the partnership holding appropriate life insurance coverage over the life of the deceased partner, such that addressing the situation on the corporate end is largely procedural, where any of these elements are missing or inadequate, the situation can become highly problematic. Those problems only grow where the interested parties are incapable of coming to a compromise solution and thereby presses one or all sides to dispute the proposed alternate arrangement, given that the various sides are not capable of achieving the necessary concessions, especially where one side is not legally required to make such concessions.

Providing legal advice and strategy to complex aspects arising from one's partnership arrangement is a central facet of the legal practice of Neufeld Legal P.C. and lawyer Christopher R. Neufeld. To engage our law firm's legal services in furtherance of your business partnership situation, contact the law firm of Neufeld Legal P.C. at Chris@NeufeldLegal.com or 403-400-4092 (Calgary, Alberta) 416-887-9702 (Toronto, Ontario). 

   

Neufeld Legal Professional Corporation is a Canadian law firm operating out of Calgary, Alberta and Toronto, Ontario, and is focused on corporate transactional matters that impact local, national and international businesses in their quests for corporate success.

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