When Do You Need A Partnership Dispute Attorney In Newport Beach?
The Common Reasons To Hire A Business Law Attorney For Partnership Disputes In California
You don't enter a business partnership expecting things to go wrong. However, some disagreements can't be avoided. Like any relationship, business partnerships can change with time.
That said, how do you know you have a business dispute and not an innocuous disagreement? Let's look at the most common reasons why you'd need a Newport Beach Partnership Dispute Attorney.

A Newport Beach Business Law Attorney can assist you in drafting a good partnership agreement that will help you prevent partnership conflicts down the road.
However, even if you have a good partnership agreement in place, you may need to settle various issues that arise in your partnership.
Here are the most common reasons you might require the services of a prescreened Newport Beach Partnership Dispute Attorney:
1. Breach Of Fiduciary Responsibility
Business partners owe each other fiduciary duties of loyalty and good faith that they must uphold, which include:
Not to be in direct competition with the partnership
Not break the law or engage in willful misconduct
Report profits
Report use of partnership property
Act on behalf of competitors
Not act with extreme negligence or recklessness
You may be able to obtain an injunction or recover compensation and even punitive damages if a partner breaches a fiduciary obligation.