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Joint Venture Crimes and Punishment: One Court’s View Glasser, Daniel W.

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Author: Daniel W. Glasser

If joint venture partners agree they can engage in other business that competes with the joint venture, does the duty of good faith and fair dealing prohibit such competition? A recent North Carolina court was forced to answer this question where the limited liability agreement waived the duty of loyalty. This article explores the court’s reasoning, followed by some lessons litigators can take away.

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loyalty, Chipman Glasser LLC, business litigation