Category Archives: Partnership Disputes
What Is The Uniform Partnership Act (UPA)?
The Uniform Partnership Act (UPA) governs business partnerships in most U.S. states. Model legislation drafted initially drafted more than a century ago, the UPA has been ratified by every state except Louisiana. As the statute was modernized in 1997, you will also hear it referred to as the Revised Uniform Partnership Act (RUPA). In… Read More »
Can I Stop Myself From Being Expelled From A Business Partnership?
Forming a partnership can be an efficient and effective way to run a business in Florida. Though, even when business partners start out on great terms, conflicts can arise. There may even come a point in which one or more business partners takes action to try to expel another partner from the business. This… Read More »
Partnership Law: Can A Partnership Exist Without A Formal Agreement In Florida?
Business partners should always have a formal, written agreement that has been drafted and reviewed by an attorney. This raises an important question: Can a business partnership be formed in Florida with a written agreement? The answer is ‘yes’—if you act like you are in a business partnership, you may have formed one even… Read More »
What Are Common Causes Of Partnership Disputes?
So you want to enter into a partnership with someone else, and start your business idea. This could be a good idea—however, unfortunately, many partnerships end up in partnership disputes. What are the most common causes of disputes when people decide to form a partnership? Not Having a Partnership Agreement – Partnership agreements set… Read More »
Four Things To Do Before Business Partnership Mediation
Partnership disputes are often well-suited for business mediation. Under Florida Statutes § 44.1011, mediation is defined broadly as a “process whereby a neutral third person” works with the parties in order to “encourage and facilitate the resolution of a dispute.” When successful, mediation can save time, money, and help to maintain working relationships. If… Read More »
Four Reasons To Hire A Lawyer To Help With A Partnership Dispute In Florida
Partnership disputes are among the most challenging types of business conflicts to navigate. Not only do these disputes have the potential to cause harm to the business, it can be hard on a personal level to prepare for a legal battle with a long-term business partner. Professional legal counsel can make a big difference…. Read More »
How To Resolve A Dispute Over Partnership Dissolution In Florida
Under Florida’s partnership laws, there are specific rules and procedures that must be followed when ending a business, including a general partnership (GP), limited partnership (LP), and limited liability partnership (LLP). Partnership dissolution can be a complicated process. It is actually one of the highest-risk times for a dispute. In this article, you will… Read More »
Three Reasons Why Your Business Partner May Have Breached Their Fiduciary Duty
A fiduciary duty is the highest standard of care in the American legal system. Described simply, a fiduciary duty requires a person or entity to act in the best interests of another party. Under Florida law (Florida Statutes § 620.8404), business partners have limited fiduciary duties. Specifically, you and your business partner owe each… Read More »
An Accounting Can Be One Of The Most Effective, Efficient Methods To Resolve Partnership Litigation
Disagreements between business partners are virtually inevitable. Even if you are largely on the same page, there may come a time in which you and your business partner have different visions for the future or different solutions for a problem. When a disagreement between business partners grows into a dispute, it is crucial that… Read More »
What to Know About Foreign Limited Partnerships Disputes In Florida
No business owner wants to be involved in a legal dispute—especially against one of their own partners. If you own or operate a foreign limited partnership in Florida and you are dealing with a serious internal disagreement, it is imperative that you know how to protect your rights and interests. In this article, our… Read More »
