Answer to Question #340309 in Management for Vicky

Question

Gavit and Vinayak are partners who started a partnership under the Partnership Act, 1932. There are differences arisen between them and they have approached you to advise them to resolve their differences:

a. Please suggest ways how they can resolve their differences without approaching conventional court of laws

b. Please elaborate the advantages of resolving their differences without approaching conventional court of laws 

(Answer requires Introduction, Application & Conclusion)