What remedies are available to partners for a breach of fiduciary duty?

The remedies available to partners for a breach of fiduciary duty are focused on addressing the harm caused by the breach and ensuring accountability within the partnership. When a partner breaches their fiduciary duty, which includes obligations such as loyalty and care towards the partnership and its partners, the aggrieved partner has several options to seek redress.

Damages may be awarded to compensate the partnership or other partners for any losses incurred due to the breach. Accountings allow partners to seek a detailed report of the partner's actions, particularly concerning any profits or benefits they may have derived from the breach, ensuring transparency and fairness. Specific performance might be granted when the court orders the breaching partner to fulfill their obligations or revert any unfairly acquired benefits back to the partnership.

These remedies aim to reinforce the trust and collaborative nature essential to partnerships and help rectify any inequalities or injustices resulting from a breach. Choosing this answer reflects an understanding of the legal frameworks surrounding fiduciary duties in partnerships, highlighting the significance of accountability and remedying breaches.