Partnership Gone Sour
By: Rick Boxx
February 13, 2013
Years ago, two friends came in for some counsel. They desired to start a partnership to rehab houses, and they wanted to do it properly.
Knowing that conflicts are inevitable, I recommended that they formalize a partnership agreement before buying any houses. In addition, I encouraged them to address how they would handle conflict resolution.
After leaving my office they drove by a house for sale. They bought the house without any form of partnership agreement. Months later, after their partnership went sour, they were back in my office seeking mediation for their broken relationship.
Proverbs 27:12 teaches, “The prudent see danger and take refuge, but the simple keep going and suffer for it.”
If you’re considering a partnership, slow down and document it properly. It may save a friendship.
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