In this article from the Pennsylvania Bar Association Quarterly, shareholder Jason Levine discusses the common law fiduciary duties that shareholders owe to each other and their corporation, how courts have addressed efforts to contract around such duties, and how to reconcile seemingly inconsistent judicial doctrines regarding the ability to contract around these duties. The article will be particularly helpful to co-venturers who seek to better understand and shape the duties they owe each other and their corporation at the outset of a business relationship.
This article was originally published in the January 2022 edition of the Pennsylvania Bar Association Quarterly.
