One partner stops sharing financial statements. Checks from the partnership account start covering personal expenses. A major lease is signed without the approval the agreement requires. Disagreements are common in jointly owned businesses. Some actions, however, may violate contractual obligations or legal duties owed to the other partners. A breach of partnership agreement California courts… Read more »
When a California contract is breached, the injured party has more options than simply accepting the loss or filing a lawsuit. California contract law provides several potential remedies, from monetary damages to court orders requiring performance, depending on the agreement, the breach, and the losses. Not every remedy is available in every situation. The appropriate… Read more »
Business deals rarely fall apart all at once. Problems usually start with missed payments, delayed work, or broken promises. When that happens, the impact can quickly affect cash flow and operations. California law allows businesses to take legal action when a contract is not honored. But not every disagreement qualifies as a lawsuit. You need… Read more »
