Category Archives: Partnership Disputes
Partnership Dispute: Am I Liable For A Business Partner’s Debt In Florida?
Disagreements between business partners can be among the most challenging commercial disputes to navigate. Partnership disputes can arise for a wide range of different reasons—debt is often an area of concern. You may be wondering: Are you liable for your business partner’s debt? In Florida, the answer depends on many factors—including the specific circumstances… Read More »
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 »
What Are The Remedies For Breach Of A Partnership Agreement?
Partnerships are among the most common business entities in Florida. Whether you are part of a general partnership (GP), limited partnership (LP), limited liability partnership (LLP), or limited liability limited partnership (LLLP), you should have a professionally-written partnership agreement in place. Your partnership agreement is the basis of your rights and responsibilities. This raises… Read More »
Can I Sue A Business Partner For Breach Of Contract In Florida?
Contracts are at the basis of most important commercial relationships. Parties are expected to live up to their promises. A breach of contract can cause serious financial harm to you and your business. It can be especially frustrating (and damaging) if that breach of contract comes from one of your own business partners. This… Read More »
Founding A Start-Up Partnership In Florida? Six Things To Include In Your Partnership Agreement
Florida is a great place to start a new business. According to data from the Small Business Administration (SBA), approximately 85,000 new companies are formed in the state each year. Crunchbase reports that South Florida has become one of the nation’s hottest markets for start-up companies—with start-ups in the region raising more than $1… Read More »
Six Paths To Resolve A Partnership Dispute In Florida
Business is about relationships. This is especially true for people who own and operate a partnership. As with any relationship, a disagreement can arise between business partners. A disagreement can grow into a full-blown partnership dispute—especially if left unaddressed for too long. There are many different options available to settle a disagreement between business… Read More »
How To Deal With Intellectual Property (IP) Rights When Dissolving A Partnership
Intellectual property (IP) is a key asset for many business partnerships. The World Intellectual Property Organization (WIPO) reports that the collective value of all intellectual property hit another record high in 2021. When it comes time to dissolve a business partnership, it is crucial that parties take the proper steps to protect their IP… Read More »
Partnership Disputes: Debts And Other Financial Obligations
You put a lot of trust and faith in the hands of your business partner. When a partnership runs into some financial troubles, it is crucial that your best interests are properly protected. You may be wondering: Can I be held liable for the debt of a business partnership? The answer depends on several… Read More »
Defendant Prevails In $50 Billion Bitcoin-Related Partnership Dispute In Miami
According to a report from NBC 6 South Florida, a defendant has prevailed in a $50 billion partnership dispute. At stake in the trial was the ownership of approximately 1.1 million bitcoins. A South Florida jury determined that Craig Wright, a computer scientist who has claimed to be the creator of the cryptocurrency, does… Read More »
American Airlines And JetBlue Seek Dismissal Of Antitrust Lawsuit Filed Over Business Partnership
According to a report from CNBC, American Airlines and JetBlue are seeking a dismissal of an antitrust lawsuit designed to block a recently approved business partnership between the two companies. The Department of Justice (DOJ) and six U.S. states recently filed a lawsuit against the airlines’ “Northeast Partnership” on the grounds that the deal… Read More »
Five Steps To Take To Avoid Disputes When Dissolving A Partnership In Florida
Winding down a partnership business is complicated enough—the last thing you need to deal with a dispute. By taking the right steps, you can dramatically reduce the risk of a legal dispute over a partnership dissolution. Here, our West Palm Beach partnership dispute lawyer highlights five steps to take when winding down a general… Read More »
