MICHAEL L. FEINSTEIN, P.A.: Deceased Partner's Estate Involved In Business Contract Disputes

By Press release submission | Oct 7, 2018

Michael L. Feinstein, P.A. issued the following announcement on Oct. 4.

It is not uncommon for businesses to face disputes. In some cases, individuals may allege that a company or its partners have violated the terms of agreements, and as a result, contract disputes can take place. When this occurs, litigation may be necessary in order to have the situation cleared up as best as possible.

Florida readers may be interested in a lawsuit underway in another state, revolving around multiple business agreements and purported violations. Reports indicate that the personal representative of a deceased individual has filed the lawsuit on behalf of the estate. Apparently, the deceased party had been business partners with other individuals, and the representative claims that the surviving partners have breached their fiduciary duty along with multiple business agreements.

As a result, the representative filed a lawsuit against two former partners and multiple entities. He claims to have requested documentation from the partners relating to business deals, but they have not provided the information. The representative believes that the partners have taken the deceased's partnership interests, failed to pay partnership profits and did not preserve the deceased's interest in a business deal. He also believes that not receiving the requested documents has delayed the probate process for the estate.

When businesses face claims of breaching agreements, it can take a great deal of time to address. Contract disputes often have many details that need consideration, and as this case shows, they can become complicated by a number of factors. If Florida business owners are facing potential litigation over such disputes, they may want to speak with their legal counsel about their best options.

Original source can be found here.

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