Two minds are better than one, or so the saying goes. In the business community, this principle often holds true, as Miami residents can accomplish great things by teaming up with others and putting their skills together. At the same time, however, business partnerships can quickly deteriorate, particularly when one partner alleges wrongdoing by the other.
Recently, this blog discussed some of the legal ramifications that may occur when a partner alleges a breach of fiduciary duty against another. Florida law provides for certain fiduciary duties that must be followed by general partners, and the partner can be held liable if he or she fails to follow through on those duties.
Breach of fiduciary duty claims, as well as other claims, may be more common than some may think. Wrongdoing within a partnership can take many different forms. For instance, a partner might not be putting the partnership ahead of his or her other business, or may be usurping opportunities that rightfully belonged to the partnership itself. In other instances, the partner may be inappropriately handling partnership assets or funds.
Our firm has helped numerous individuals who may be involved in complex business disputes. We work closely with our clients to analyze the circumstances of each case, including what types of legal claims might be asserted based on the facts at issue. We can then put in place a strategy to protect our clients' best interests and to hold others accountable when they have engaged in wrongdoing, whether that accountability comes through an award of damages, injunctive relief or by other means. For more information on our firm's services, please visit our webpage on business torts.