In today's economy, business partnership disputes are increasing because one party is unhappy with the arrangement. There are different types of claims that can be brought in a partnership dispute. One of the claims is breach of contract. A breach of contract is essentially a claim where there was a written or oral contract and one party breached that agreement. The second type of claim is breach of fiduciary duty. This is essentially that one party failed to live up to their duties as imposed by their written agreement or the Illinois state statute. Third, conversion is a claim where the other party used your money or resources for their benefit and deprived you of the legal right to your property. This claim allows reasonable attorney's fees and costs. The fourth claim is a fraud claim, which is the business partner failed to disclose to you or kept something a secret from you. This fraud led to activities or losses that the partner should be responsible for.
Sean Robertson is a Corporate and Litigation attorney that concentrates in business counseling, business and corporate litigation, and asset protection. Sean Robertson can be reached at (312) 498-6080 or Sean@RobertsonLawGroup.com.
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