How do I resolve conflicts between the parties to a joint venture?

Resolving conflicts between the parties of a joint venture in Texas is possible, but it often requires the help of an experienced lawyer. It is important to note that Texas law recognizes both verbal and written agreements that establish a joint venture. In many cases, the terms and conditions of the joint venture agreement provide a road map for resolving conflicts. The first step in trying to resolve a conflict between the parties of a joint venture is to look to the terms of the written agreement, if one exists. If the parties agreed to a set procedure in the written agreement for resolving disputes, they must follow that procedure. For example, the agreement may include an arbitration provision or may require the parties to go through mediation before going to court. If the parties don’t have a written agreement or if the agreement doesn’t provide a specific dispute resolution process, the parties can attempt to negotiate an agreement to resolve the dispute. This could include the parties agreeing to mediation or arbitration in order to resolve the dispute without resorting to litigation. If the parties cannot agree on a resolution, the next step is to go to court and file a lawsuit. A judge or jury will decide the matter and enter a judgment. Litigation can be costly and time-consuming, so it should only be used as a last resort. In short, resolving conflicts between the parties of a joint venture in Texas requires careful attention to the terms of the written agreement, if one exists, and the help of an experienced lawyer. Negotiation and dispute resolution methods may be used to resolve the conflict before having to resort to litigation.

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