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Category Archives: Partnership Disputes

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Partnership Law In Florida: Know Your Legal Options If A Business Partner Uses An Opportunity For Themselves

By Michael Pike and Daniel Lustig |

You and your business partner should always be on the same side. If you find out that your business partner is actually competing directly against your partnership—perhaps by taking a business opportunity for themselves or for another business that they own—it can harm your interests. You have legal options available. In this article, our… Read More »

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Can A Partnership Agreement Be Revised After It Is Already Signed In Florida?

By Michael Pike and Daniel Lustig |

A partnership agreement is the foundation of the commercial relationship between business partners. If a legal dispute arises, a Florida court will primarily look to the terms of the partnership agreement to determine each party’s rights and responsibilities. It is crucial that your partnership agreement is well-drafted and that it protects your best interests…. Read More »

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What Do I Do If I Suspect That My Business Partner Is Stealing From The Partnership?

By Michael Pike and Daniel Lustig |

A partnership is one of the most common ways to structure a business. It can be efficient and effective. At the same time, the partnership entity requires partners to put a great deal of faith into each other. This raises an important question: What can I do if my business partner is stealing money?… Read More »

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PartnershipLaw

Three Common Types Of Business Partnership Disputes Over Profits

By Michael Pike and Daniel Lustig |

Profits are the lifeblood of a business partnership. It takes a tremendous amount of work to form, build, and develop a successful business partnership. Profits can make the endeavor worth the effort for entrepreneurs. Profits—and other financial considerations—are also the leading reason why business partners get locked in disputes. Here, our Miami partnership dispute… Read More »

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Did Your Business Partner Breach The Partnership Agreement? You Have Four Legal Options

By Michael Pike and Daniel Lustig |

A partnership agreement is the foundation of the legal relationship between business partners. While there are partnership laws in Florida, the partnership agreement serves as the basis for each partner’s rights and responsibilities. A breach of partnership agreement can cause serious harm to the non-breaching party. This raises an important question: What can you… Read More »

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Baseball

Tampa Bay Rays Owners Still Locked In Partnership Dispute

By Michael Pike and Daniel Lustig |

According to a report from Forbes, the partnership dispute between the Tampa Bay Rays majority owner Stuart Sternberg and a group of limited partners is continuing and becoming even more “nasty.” More details have become public and the limited partners are seeking more than $30 million in damages. The team’s minority owners are alleging… Read More »

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KnowRights

My Business Partner Is Making Important Decisions Without Me—What Are My Rights?

By Michael Pike and Daniel Lustig |

A business partnership requires trust and a good working relationship. When all parties are not on the same page, there can be serious issues. This raises an important question: Can a business partner make a major decision without me? In Florida, the answer depends largely on the specific structure of your business. In this… Read More »

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Three Unique Considerations In A Business Partnership Dispute With A Family Member

By Michael Pike and Daniel Lustig |

For business owners who are in a partnership with their own family member, navigating a dispute can be especially challenging. The emotions can run high and there are some unique issues that need to be considered and addressed as part of the process. Here, our Miami partnership dispute attorney highlights three unique considerations in… Read More »

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Can A Partnership Own Intellectual Property?

By Michael Pike and Daniel Lustig |

For many businesses, intellectual property (IP) is an increasingly important part of their overall value. The World Intellectual Property Organization (WIPO) notes that intellectual property is a broad term that covers things like “literary and artistic works; designs; and symbols, names and images used in commerce.” It could be a copyright, a trademark, or… Read More »

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Partnerships

Want To Avoid A Partnership Dispute? Six Things That Should Be Addressed In Your Partnership Agreement

By Michael Pike and Daniel Lustig |

A legal dispute with a business partner can be costly. It can be time-consuming, expensive, and, perhaps worst of all, it could even destroy your business. The best way to avoid a partnership dispute is to ensure that you have a comprehensive and well-drafted partnership agreement. A partnership agreement should thoroughly address all of… Read More »

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