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What a Breach of Contract Dispute Actually Costs a Business
A manufacturing company contracts with a key supplier for $1.2 million in components over 18 months. Halfway through, the supplier stops delivering on schedule, quality drops, and the manufacturer is left scrambling to fill orders for its own customers. The contract has a clear delivery schedule and performance standards. The breach seems obvious. What the…
Read MoreFiduciary Duties of Managers and Officers in Florida: How Misconduct Becomes Litigation
Managers, members, directors, and officers owe fiduciary duties to the businesses they serve. These obligations are not theoretical. They form the basis of substantial business litigation when disputes arise. When fiduciary duties are misunderstood or ignored, routine business decisions can turn into costly lawsuits. Understanding how fiduciary duties operate, what conduct triggers claims, and how…
Read MoreWhat Constitutes a Breach of Contract in a Business Dispute?
Contracts are the backbone of business relationships. From operating agreements and vendor contracts to commercial leases, businesses rely on written agreements to define expectations and protect their interests. But when something goes wrong, one of the first questions business owners ask is deceptively simple: Has the contract actually been breached? Not every disagreement or missed…
Read MoreHow Can I Recover My Attorney’s Fees in Florida?
Almost everyone that goes into a lawsuit wants to know if they can win their attorney’s fees if they win their case. After all, who wouldn’t want their attorney’s fees covered? As a business litigation law firm in Florida, we are often asked this question by clients. Like most legal topics, the answer is…
Read MoreWhat Rights do Minority Shareholders Have in Florida?
Shareholders in the state of Florida can be broadly categorized into two groups: Majority Shareholders: Individuals or entities that own and control over 50 percent of a company’s shares, and Minority Shareholders: Individuals or entities that own and control less than 50 percent of a company’s shares Florida law grants majority shareholders the…
Read MoreHow Outside General Counsel Can Help Protect Your Business
More and more, companies are turning to outside general counsel (“GCs”) for assistance with their legal needs. In the past, the dominant trend was for companies to hire full-time in-house counsel for legal assistance. Part of this trend was related to the state of technology, as older technology made in-house arrangements much more attractive. Another…
Read MoreCourt-Appointed Receivership: Is it Better Than Bankruptcy?
If you’re facing bankruptcy for your financially distressed business, receivership may be a better option for you. A receivership is designed to protect a lender’s assets for an interim period, such as during a pending foreclosure or other litigation involving the business. Today, we will cover court-appointed receiverships, and why they may be favorable to…
Read MoreThe Process of Expelling a “Bad LLC Member” in Florida
Multi-member LLCs always have to grapple with the issue of dealing with an unruly, unlawful or otherwise dysfunctional partner. Unfortunately, LLC members sometimes fail to address the procedure for removing or expelling an unruly LLC member in their operating agreement. That being said, although establishing a removal procedure through an operating statement is ideal, LLC…
Read MoreFrazer Firm Featured in Abacoa and Alton Magazine
We are pleased to announce that Kent Frazer & The Frazer Firm are highlighted in the January 2022 issue of Abacoa and Alton Neighbors Magazine. You can read our full feature here: Abacoa and Alton January 2022 Our business is protecting yours. Reach out to our experienced business litigation attorneys at The Frazer…
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