Partnership & Fiduciary Duty

Partnerships are a convenient way for people to come together in business for a common purpose. When a partnership is formed (with or without formal written agreements) each partner owes a fiduciary duty to his or her fellow partners. That duty requires a partner to use good faith in transacting partnership business and to make timely and candid disclosures of information that is important to the partnership. Further, a partner may not steer away potential partnership business for personal gain.

If you are faced with a lawsuit or are contemplating legal actions concerning a partnership, call our law firm at (800) 344-3751 to arrange an appointment.