0333 014 4568

Business Contracts - Partnership Agreements

Partnership agreements are slightly different to shareholders agreements as they relate to businesses of a different structure to companies, however, many of the key provisions are similar. A successful partnership is built on trust, and as long as the partners each know their respective responsibilities the business can move forward efficiently.


Where partnerships are concerned, we always advise that a properly drafted partnership agreement should be put in place to prevent disputes further down the line – as with most things in life, prevention is better than cure!


All of the potential partners in a business should meet and discuss the following:

  • The name of the partnership
  • The contribution of each partner in terms of finances and assets
  • The duties of each partner
  • Any relevant ownership percentages
  • Accountability
  • Risk allocation
  • Profit allocation
  • External work and conflicts of interest
  • Insolvency
  • Restrictive covenants
  • Decision making
  • How new partners can join and how old partners can leave
  • Management provisions
  • Confidentiality and intellectual property rights


Once you have given some thought as to how the internal structure of your business is going to work, we can help you put together a robust partnership agreement to make sure that everything goes as smoothly as possible from then on.

Contact us today

Call: 0333 014 4568 or drop us an email

Make an Enquiry

Related Services

Corporate & Commercial - Joint Ventures

Merging with another business can help you grow quickly, increase productivity and increase profits and often enable growth to be achieved without having to borrow funds or raise external investment.


A successful merger will often offer the…

READ MORE

Employment & HR - Service Agreements

We help businesses to stay legally protected by providing them with professionally drafted service agreements that are designed to make commercial sense.


As a business you will be familiar with all types of contracts that govern…

READ MORE

Business Contracts - Shareholders Agreement

If your company has more than one owner, you need a Shareholders’ Agreement. This agreement, which is made between the owners of a company, sets out the many aspects of the shareholders’ responsibilities. It includes details as to how the business…

READ MORE