Breach of Partnership
Our Expert Los Angeles Attorneys have the proven capability to handle cases involving breach of partnership. We can definitely provide credible advices and representations to our clients who choose to file charges against their business partners who have exercised such unlawful acts that greatly affect their company. Thus, our qualified business attorneys relentlessly protect their rights as stated in the partnership agreement.
In a typical partnership, the co-owners should share the same vision, loyalty and commitment to the business. This is to make the business more viable and for them to gain more profit from their investments which also gave them the statutory rights and obligation in the partnership. However, certain instances that bring about breach of partnership may sometimes become unavoidable.
Such partnership conflicts may be caused dishonesty, unfairness and inconsistencies on the part of some owners. This may also include the fact that some partners tend to perform illicit acts in contrary to the partnership's rules and regulations. If these occur, the aggrieved partner may file the necessary charges to hold the breaching parties liable for their failure to exercise their fiduciary obligations to their companies. In this case, our trustworthy business attorneys can best fit the job of assisting the plaintiffs in filing their cases.
The California Corporations Code strictly affirms that all the members of a partnership have their individual task of enforcing what is agreed upon in their contract. Therefore, they all have their duties to promote their business rather than to perform unjust actions for personal advantages. These feats are greatly deemed by the existing business laws as grounds for a lawsuit.
For example, if a partner who is appointed to supervise the partnership's stocks misused his or her power to allocate the supplies for his or her family's personal use, he or she can be charged in court. This is to recover the supplies and restrict him or her from doing such wrongful acts in the future. Other court sanctions and penalties may also be imposed depending on the breach of contract extent.
For further information and assistance about breach of contract, please give us a call. You may also schedule a visit at our office to discuss things with our able business attorney regarding your case. We pledge to do our very best to resolve your legal problem.
510 Arizona Ave.,
Santa Monica, CA 90401
Irvine - (Satellite Office)
19800 MacArthur Blvd., Suite 1000
Irvine, CA 92621
San Fernando Valley - (Satellite Office)
5850 Canoga Ave., Suite 400
Woodland Hills, CA 91367