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module for how governing agreements can affect business legal disputes fiduciary duties imagine playing in a sporting event with a player and your team who injures his own teammates worse you suspect he's doing it on purpose so he can boost his own scoring opportunities you checked the rulebook but its silent on what to do about this some of the injured players are already threatening to sue not just the bad apple but the franchise for letting him play can the team survive in a way creating a business that has no governing agreement is similar to participating in this frustrating and even dangerous activity the people who get together to create a private venture might start out believing that they're in harmony with each other and the enterprise all focused on a common goal but over time misunderstandings or disagreements about their respective rights and responsibilities or perceived unfair or illegal conduct of one or more of the participants can challenge or extinguish their hopes...