Raymond, Debra and Robert are partners in a firm which provides accounting and business management services to small and medium businesses. Marie owns and operates a communications business which she wishes to franchise and she contacts Raymond to become a client of the firm. Raymond does not share Marie’s business with Debra and Robert. Instead, Raymond suggests to Marie, that he, Raymond act separately and privately for Marie as he has a ‘broader global vision’ than the firm. Marie agrees and as her business grows, Raymond makes a significant profit. Eighteen months later, Debra and Robert discover that Raymond is working for Marie and demand that they share in Raymond’s earnings from Marie. Raymond refuses. Discuss the issues raised by Raymond’s behaviour. Will Debra and Robert be successful in their claim? What effect may Raymond’s behaviour have on the partnership? Give reasons for your answers
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