When partnership disputes occur, you need an attorney to help protect your interests and ensure a fair resolution. The Business Trial Group is experienced at litigating a wide range of disputes, including real estate partnerships, medical partnerships, accountant partnerships, law firm partnerships, and many others.
Our familiarity with complex and detailed partnership disputes, and our relationships with respected accountants and valuation experts, allow us to effectively represent our clients.
The formation, operation, and dissolution of Florida general, limited liability, and limited partnerships are governed by the Florida Revised Partnership Act and the Florida Revised Uniform Limited Partnership Act.
Most partnerships are based on a signed agreement that sets out the terms and conditions of the partnership. A partnership, however, does not require a written agreement and can be established through an oral agreement.
If there is a written agreement, the document will determine the partners’ rights, responsibilities, and the terms for withdrawal or dissolution. To the extent the partnership agreement does not provide certain terms and conditions, Florida’s partnership statutes will govern. Under Florida law, a partnership agreement may not restrict a partner's access to books and records, eliminate the fiduciary duties of loyalty or care, or eliminate the obligation of good faith and fair dealing.
The Business Trial Group has successfully represented clients who were victimized by, among other things, dishonest partners in control of partnership assets and partners who were wrongfully ousted by controlling management. Some common partnership disputes include:
- Violations of partnership agreements, operating agreements, or bylaws;
- Breaches of fiduciary duty;
- Ownership and management conflicts;
- Inappropriate executive compensation;
- Breach of non-compete, non-solicitation, and trade secret agreements;
- Misappropriation of assets and corporate theft;
- Negligent management;
- Management self-dealing;
- Embezzlement; and
- Dissolution and asset division.
If you are involved in a partnership dispute, contact the Business Trial Group today for a no-obligation consultation to learn how we can help protect your rights and investment.