Helping You Protect Your Business
In business, fiduciary duty refers to the legal relationship that exists between two or more parties. It is a mutual relationship to which each party owes a duty to the other and, when it is breached, it can result in problems that may require a legal remedy. At Four Rivers Law Firm in Tampa, our business law firm is committed to providing personalized attention and will help you work toward the solutions you need.
Reach out to our law office today at (813) 331-5056 to set up an initial case evaluation with a member of our team to learn more about our services and how we can assist you with your breach of fiduciary case.
What is a Fiduciary Duty?
Fiduciary duty can involve a combination of factors, though it usually involves the holding of money in good faith.
It can also include a combination of:
- Duty of loyalty
- Duty of honesty
- Duty of fairness
- Duty of care
- Duty to act in good faith
In a partnership or business, fiduciary duty requires those involved to disclose any relevant and necessary information to any other partners within the scope of the relationship and to avoid all conflicts of interest.
Breaching Fiduciary Duty
Breaching fiduciary duty is essentially a break in trust between partners who owed a duty to each other.
Below are some common examples of breach of fiduciary duty:
- A business partner took a business opportunity from the company.
- A business partner partook in insider trading.
- A board of directors acted on behalf of their own financial gain and against the interests of the company.
- A partner kept profits that belonged to the company.
- Misrepresentation or concealment of relevant information from the partnership, resulting in financial damages.
- Negligent management.
When filing a claim for breach of fiduciary duty, you will have to prove that such a relationship existed, that it was breached, and that the breach of this duty warrants a remedy.
Set Up an Initial Case Evaluation to Discuss Your Breach of Fiduciary Duty Case!
Whether you are being accused of a breach or you believe you suffered financial damage as a result of your partner’s breach, the legal team at Four Rivers Law Firm in Tampa can assist you. Our experienced legal team can provide the tailored strategies you need to work toward a favorable resolution.
Reach out to our law office today at (813) 331-5056 to set up an initial case review with one of our attorneys to learn more about what we can do to assist you.
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