By Andrew R. Schwartz | Published July 1, 2026 | Posted in Business litigation | Tagged Tags: assets, Breach, fiduciary, partnership | Comments Off on Legal Remedies for Breach of Fiduciary Duty in a Business Partnership
Legal Remedies for Breach of Fiduciary Duty in a Business Partnership
Breach of fiduciary duty means a partner has failed to act in the best interests of the partnership and its other members. The law imposes fiduciary duties on partners because they are entrusted with managing shared assets, making key decisions and conducting business in ways that profoundly affect one another. A partner’s fiduciary duties generally Read More
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What to Know About Unjust Enrichment Claims in Commercial Litigation
Unjust enrichment means simply that one party has benefited unfairly at the expense of another. This concept is grounded in equity, focusing on fairness and moral principles rather than legal rights. A claim of unjust enrichment can arise in various commercial contexts, where no formal contract exists between the parties. Under Illinois law, a plaintiff Read More
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What to Know About Suing an Out-of-State Defendant in Illinois court
Suing an individual or company from out of state in Illinois presents several advantages. Local lawsuits reduce travel expenses and avoid the procedural complications that arise when dealing with another state’s legal system. Hiring an Illinois attorney is sufficient; there is no need to secure counsel licensed in a different jurisdiction. Access to local attorneys, Read More
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Common Causes of Commercial Litigation
Commerce depends on agreements forged with a shared understanding of rights and responsibilities. But even the best-laid plans can go awry. Disagreements often arise and sometimes become legal disputes. Commercial litigation, a broad term encompassing disputes between businesses or business and individuals, can prove costly and time-consuming. Here are some of the most common causes Read More
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