Sometimes, all it takes to avoid a major blowout is a little communication. Your business partnerships are no different from your personal relationships, but you have the advantage with your founders that you can put your agreements in writing.

That concept is nothing new. What is unique is what Brett calls the Beer Resolution Clause. Call it whatever you like, but it operates on the premise that, prior to moving to Formal Dispute Resolution, the founders get out of the office and talk over the issue. You'd be surprised at the issues that can be resolved over a conversation in a casual environment - a bar, a coffee shop, the park, a hiking trail, wherever.

For more nuts and bolts of dispute resolution mechanisms, the order of escalation, and how to bake them into your partnership agreements, check out Brett's more comprehensive video here.
https://youtu.be/NbbZziHcoGM

Because one thing is for sure, you and your partner(s) will not always agree on everything, and you may even vehemently disagree at times. You need to have systems in place to prevent major blowouts and deal with inevitable disputes as they come up, even if it's as simple as scheduling time to getting out of the office together every once in a while.

So, take a look at this week's video and let us know what you think!

This is the 11th video in Brett's Business Partnership Mastery Series, where he dives into both the philosophy and legal nuts and bolts of mastering business partnerships. If you are a current or future business owner, you will definitely want to stay tuned for videos in this upcoming series, so make sure to subscribe!

Inspired by the content in his book, Partner-Proofing Your Partnership, Brett will touch and expand on the primary concepts he fleshed out in that short read which you can find here:
https://www.businessattorneyinaustin.com/brett-cenkus-partner-proofing-your-partnership-ebook

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Have questions? Book a call, and talk to Brett today:
https://clarity.fm/brettcenkus

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You can reach Brett through:

https://clarity.fm/brettcenkus
https://www.linkedin.com/in/brettcenkus
https://twitter.com/BCenkus
https://www.cenkuslaw.com
https://braatenwoods.com
https://merger-resources.com


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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.

Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.

Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.

Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.

From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.

Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.

Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.


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