When two or more people run a business together, California law treats them as more than co-owners. They are fiduciaries to one another, meaning each partner is legally required to put the interests of the partnership ahead of personal gain. A breach of fiduciary duty happens when a partner crosses that line and acts in…
Continue reading ›When a corporation is harmed by the people running it, the corporation itself has the right to sue. But directors rarely vote to sue themselves. A shareholder derivative action solves that problem by letting a shareholder step in and bring the claim on the corporation’s behalf. It is one of the most important tools California…
Continue reading ›Breach of Contract vs. Breach of Warranty Do you know about breach of contract vs. breach of warranty? In legal agreements and business transactions, you may find yourself in a situation involving a breach of contract or breach of warranty. A breach of contract entails unfulfilled obligations or behavior that goes against the nature of…
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