Court Opinion

ID: 9698170
Source: CourtListenerOpinion
Date Created: 2023-08-25 19:43:57.126035+00
Date Added: 2024-06-11T18:20:39.072471
License: Public Domain

Dissenting Opinion by
Me. Justice Mandeeino :
I dissent. I concur with the majority’s conclusion that the appellant was entitled to the accrued earnings which were not capital. The decree, however, should be reversed without a remand. The purpose of the remand is to determine whether the appellant breached a fiduciary duty to his partners at the time the partnership agreement was entered into. A partner has fiduciary obligations to his other partners in partnership matters immediately after the signing of the partnership agreement. He has no fiduciary duty in the nego*475Nations preceding the entering of the partnership agreement. A partnership agreement is a contract and the parties to any proposed contract are, in effect, bargaining at arm’s length in order to determine what the terms of the contract shall be. There can be no fiduciary duty between prospective parties bargaining about the terms of a proposed contract.