A claim of accounting is a useful tool to trace funds or establish claims and liabilities in a fiduciary relationship. To obtain an equitable accounting, the plaintiff must prove the following elements: a fiduciary relationship exists between the parties or the transaction at issue is complex, and (2) the remedy at law is inadequate. Tracfone…
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“Parties to a contract may stipulate to a particular forum in which to resolve future disputes.” Rudman v. Numismatic Guar. Corp. of Am., 298 So. 3d 1212 (Fla. 3d DCA 2020). These clauses are known as forum selection clauses and presumed to be valid unless the party resisting enforcement can demonstrate the clause is unjust…
Continue reading ›Indemnity and hold harmless agreements are powerful tools that require the other party to the agreement to cover losses and expenses of the indemnitee. A hold harmless agreement is a type of indemnification agreement. “The term ‘hold harmless’ means to fully compensate the indemnitee for all loss or expense, and an agreement to hold harmless…
Continue reading ›A party seeking to enforce a restrictive covenant must plead and prove the existence of at least one legitimate business interest justifying enforcement of the restrictive covenant. Fla. Stat. § 542.335. That same party must also “plead and prove that the contractually specified restraint is reasonably necessary to protect the legitimate business interest or interests…
Continue reading ›Protecting trade secrets can be critical to a business. Trade secrets are defined as information that “(a) [d]erives independent economic value . . . from not being generally known to, and not readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (b) [i]s the…
Continue reading ›Florida’s statute governing restrictive covenants requires the party trying to enforce the restrictive covenant to plead and prove the existence of at least one legitimate business interest justifying enforcement of that covenant. Fla. Stat. 542.355 (“The person seeking enforcement of a restrictive covenant shall plead and prove the existence of one or more legitimate business…
Continue reading ›Injunction are one possible remedy in business disputes. An injunction is an equitable remedy that requires a party to perform certain acts or prohibits a party from performing certain acts. “An injunction is for the most part preventive, and cannot ordinarily be employed to correct a wrong already done or restore to a party rights…
Continue reading ›A common type of damage in business litigation is lost profits. Lost profits can be used in breach of contract cases and other business torts like tortious interference. See, e.g., Marbella Park Homeowners Ass’n, Inc. v. My Lawn Service, Inc.,12 So. 3d 807 (Fla. 3d DC 2009) (stating the measure of damages for breach of…
Continue reading ›Tik Tok has been highly controversial since its inception. Many have raised concerns that the company is owned by a Chinese company, ByteDance because China may use Tik Tok to spy on American Tik Tok users. In April 2024, Congress passed a bill requiring ByteDance to sell Tik Tok to a U.S. company or shut…
Continue reading ›A defamation claim can be a powerful tool for businesses to protect their reputations from false statements made by former customers or employees. There are many scenarios where asserting a defamation claim can be useful. A business may assert a defamation claim against a former employee or customer who published a false statement or review…
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