Does dissolution of a joint venture terminate the fiduciary obligations of the joint venturers to each other?
MultiRegion, United States of America
The following excerpt is from Miles, Inc. v. Scripps Clinic and Research Foundation, 1991 WL 276450, 951 F.2d 361 (9th Cir. 1991):
2 The dissolution of a joint venture does not terminate the fiduciary obligations of the joint venturers to each other with respect to the business purposes of the joint venture. See Leff v. Gunter, 33 Cal.3d 508, 514, 189 Cal.Rptr. 377, 381, 658 P.2d 740, 744 (1983).
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