Operating a business in Massachusetts requires a lot of personal and professional strength and determination, but running your organization can be easier with a loyal partner sharing in the responsibilities with you. However, one risk of being part of such a relationship is the chance that you or your partner will disagree on how to do things and ultimately have to part ways. While this may not sound too serious at first thought, a crumbling partnership can put significant strain on company operations and in some cases be what forces a company to close indefinitely.
Boston companies who have contractual agreements with their business partners likely feel quite secure in the safety of those accords. They represent stability in that they have guaranteed work to do while those agreements are in place. Yet just how strong is a contract? The common school of thought is that a contracted partner cannot end such an agreement prematurely without cause. Otherwise, they would be in breach of contract and potentially subject to litigation.