A joint venture offers businesses an opportunity to “try things out” before entering into long term agreements. While this can lead to a successful endeavor, issues can arise that halt the process. At Brick Business Law, P.A. we can ensure that you fully understand your rights and obligations when dealing with a Florida breach of joint venture agreement matter.
In certain circumstances, informal business partners may choose not to enter into formal contracts or form a business entity prior to working together on a joint venture. Instead, they informally agree to a joint venture to do something together in business.
Where the parties have established an agreement, joint interest and control over certain property, as well as rights and duties to share in the profits and losses of such joint venture, there may be a cause of action by one party against the other for failure to perform under the agreement.
Additionally, a joint venture agreement often creates fiduciary relationships between the parties that may also establish a duty to perform each party’s obligations in good faith and to deal fairly with each other. We can help you understand the scope of your issue as well as issues related to Florida business litigation and disputes.
If you have entered into a joint venture agreement and the other party has not performed as agreed or if your joint venture partner has accused you of breaching a joint venture agreement, contact Brick Business Law, P.A. for a free initial consultation. Call our offices in Tampa and at 813-669-0122 or send us an inquiry email and we will respond.
To Schedule Your free Consultation
