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What are the legal options available if my business partner refuses to pay out an agreed-upon amount?

If your business partner refuses to pay out an agreed-upon amount, you may have several legal options available. Depending on the circumstances and jurisdiction, these may include filing a civil lawsuit against them for breach of contract or other relevant cause of action such as unjust enrichment or promissory estoppel. You can also seek equitable relief through injunctive relief (an order from the court prohibiting your partner from breaching their obligation). As another option, you might be able to reach a negotiated settlement with your business partner outside of court. If none of these are successful in resolving the issue and recovering any money owed, you can consider filing criminal charges against them if applicable under state law. Before taking legal action however, it is important to consider potential limitations or exceptions that could affect the outcome of any case brought before the court. These would include various factors such as what jurisdiction governs this dispute; whether there exist defenses that would prevent recovery; how certain facts related to this dispute will be proven at trial; and what evidence is needed for success in obtaining judgment for damages and costs associated with pursuing litigation. Additionally, some cases may involve specific statutes which limit remedies available or require alternative procedure prior to commencing litigation such as arbitration hearings or administrative claims processes with government agencies - so please consult an attorney well versed in local laws familiarize yourself with all applicable rules before proceeding down any particular path. Ultimately though it is recommended that you take whatever steps necessary to protect your rights as provided by law while exploring all possible avenues towards resolution without resorting immediately to litigation unless absolutely necessary