Partnerships can have tremendous benefits for the participants such as sharing financial risks, providing emotional support, broadening key organizational competencies and expanding perspective when grappling with strategic issues.

Unfortunately, many ventures flounder because of the inability of partners to resolve disputes. Rather than allowing valuable relationships to be destroyed, business collaborators can seek help to resolve their differences and build upon their common ground.

This article will briefly outline a ten-step process and provide an example to follow when faced with the challenge of preserving a business partnership.

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