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Whatever form of business partnership you are involved with, a well thought out and drafted partnership agreement is strongly recommended.
A partnership can be formed by express agreement but can also be implied by conduct and this is surprisingly common with very small businesses started informally where little consideration has been given to legal structure or risk.
If you are thinking of going into any type of business partnership, we can help with :-
Drafting a partnership agreement – including farming partnerships, professional services, medical partnerships;
Review and updating of any existing partnership agreement;
Advising on any new partner admission.
Partnership disputes especially where one partner or both have personal liability.
Dissolution of a partnership
A partnership agreement should include :-
how profits and losses are shared
duties and powers
restrictions on setting up competing businesses
cross indemnities
how partners can exit the partnership and what will happen if any new partners wish to join.
dispute resolution mechanism
For more information on how we can assist with protecting you and your business, please contact us.
Telephone -
9am to 5pm
Partner - Corporate and commercial law
John has over 35 years experience advising on partnerships and the full range of corporate and commercial law matters. His experience offers reassurance and cost efficiency as he knows the key issues to focus on.
Call the Taylor Rose team or fill out the form below and we will get back to you as soon as possible.
Telephone opening hours -
9am to 5pm