Consider this hypothetical.
Brenda Esquire, a partner at a large law firm, represented Businessman Blake. Blake and two business associates created a limited liability company, Wildwood,FN:1 of which they were members, and that was governed by an operating agreement. The operating agreement provided conditions under which a member could withdraw, and prohibited the members from rendering services to anyone who owned or operated a competing business. For about a year, Esquire provided advice and assistance to the members in connection with Wildwood and its potential deals. She did not execute an engagement letter with Wildwood or disclose that she represented Blake individually.
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