Maryland Business Law & Corporate Litigation Blog

Business partners are obligated by Maryland state business law to meet certain obligations of honesty, responsibility, and fairness when making decisions that could impact the partnership. When they fail in these areas, they open themselves up to liability. There are four key theories of fiduciary duty owed by business partners to their fellow partners and […]

Plaintiffs now seemingly have more options for pleading a breach of fiduciary duty and having such claims proceed beyond motions for dismissal or summary judgment. In an opinion published July 14, 2020, Maryland’s Court of Appeals held that a “breach of fiduciary duty” may be pled as an independent cause of action, regardless of whether […]

A breach of contract occurs when either party fails to follow through with the terms of their agreement or violates any part of the agreement.  When a breach of contract occurs, the parties who were harmed in the breach may be entitled to sue the breaching parties for damages.  What happens if both parties breach […]

A restrictive covenant in property law is a limitation on how you can use your property.  It may seem unfair if you own the lot or the land that you can’t decide what to do with your own property – but restrictive covenants are said to “run with the land,” and anyone who buys or […]

If you operate a business that requires the use of trade secrets and other confidential information to succeed, you will want to protect that information fiercely. When an employee departs a company, there is always a question of whether he or she may engage in the use of confidential information to further their own interests. […]

A corporation is organized to be run by a group of people and continue to operate even after the original founders or operators are gone.  This means that in most cases, the leadership of the company – the board of directors – will change throughout the life of the corporation.  The chief officers of the […]

The ending of a business partnership may require a lot more work than a business owner might suspect. If the business partners do not agree on how to resolve certain issues, this could make the process even more complicated. That is why it is important to ensure you covered all your bases when concluding a […]

An arbitration clause is typically inserted into a contract as a means of alternative dispute resolution. While not appropriate for every agreement, arbitration clauses often provide valuable benefits to companies, employers and businesses by reducing the potential costs that could occur if a contract or other dispute goes to court.  . The Heyman Law Firm […]

When a contract is breached, it typically means that someone didn’t get what they were entitled to.  Those parties affected by the breach can often sue to get what they should have received under the terms of their agreement.  The damages in the case vary depending on the specific terms of the contract.  If you […]

Starting a business with a trusted partner can be a rewarding experience. However, if your business partner, unfortunately, passes away, your business could be affected in a number of ways. Additionally, if you did not have a plan about what happens when a business partner dies, this could lead to various issues. If you require […]