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Rick Fox accuses business partners of breach of contract

On Behalf of | Oct 9, 2019 | Contract Disputes |

The world of professional gaming is constantly growing and evolving and continues to attract the attention of many successful business owners in Florida and elsewhere. With so much at stake in a field of heated competition, issues are bound to arise in one form or another. Former NBA player Rick Fox has recently filed a lawsuit accusing two business partners of breach of contract and fraud after being informed of an intent to remove him from his management position with esports team Echo Fox.

According to reports, Fox filed the lawsuit against two of his business partners after accusing them of making unlawful changes to the team’s operating agreement. Fox asserts that these changes are what allowed the other parties to remove him from his management position via vote instead of being forced to pursue the action through legal means. He also asserts that the two have taken unauthorized withdrawals from company funds.

Fox reportedly says the two used his own name and status to help build the Echo Fox brand and says they are attempting to remove him from the organization for personal gain. However, both of the men reportedly assert that the allegations of misappropriating company funds are false. They also state that the decision to remove Fox from his position with the team came after he repeatedly failed to comply with the terms of his contract.

Partnership disputes can be highly contestable matters that can arise under a variety of circumstances. Those who encounter issues such as a breach of contract may wish to better understand their available options, and they could benefit from retaining the services of an attorney for advice on how best to approach the situation. An attorney can examine the circumstances a client in Florida is facing and assist in forming a strategy to protect his or her business interests.