Try to work in a logical and practical manner and to solve the crisis as soon as possible. Forget about your ego and ask yourself which of you is the best person to restore confidence in your business and move it forward. If you are too influenced by your emotions, follow the mediator's advice.
Involve the company's management
Your "children" of course feel the crisis. They have probably perceived it longer than you think. The longer they have felt the shakiness of your relationship, the more vulnerable they feel. You can reduce their uncertainty by involving them in the process of resolving the crisis.
Try to work it out without lawyers
Before reaching a legal battle of words, try make an outline of an agreement you can work with. Lawyers and accountants will expect you to submit a proposal for a solution.
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Article source Management Today - website of a UK management magazine