When we set up or invest in businesses, the relationship between partners is often great or at the very least amicable. But as a business grows and there are new challenges to face, these relationships can suffer or there can be confusion about each party’s roles and responsibilities.
A partnership agreement can help set the framework for how your relationships as partners will work, who is responsible for what, and ultimately what will happen if those things do not happen.
A partnership agreement can also provide you with clear and unambiguous rights and how you can enforce those rights.
Partnership agreements are often sidelined when you are setting up your new adventure. At this time you are filled with excitement and the relationship between partners is at its peak. It is only when something goes wrong that you begin to consider the possibility of an agreement.
While it may seem pre-emptive, we recommend producing a partnership agreement as soon as you set up. From the outset, you can be clear about what is expected of the partners and you can walk into your new venture knowing you, and your business, are protected.
We know exactly what you are thinking.
- That is going to be costly
- Solicitors don’t understand our business
- It is too complicated
- I do not have time for complex lengthy paperwork
Let the experts help
Hybrid understand business and are as passionate about your goals as you are.
- Fixed fees
- Down to earth advisors
- A team who cares
- Years of expert knowledge at the dial of a phone
- Simplified approach making the whole process easy to understand
Our approach to drafting your partnership agreement
It does not have to be complicated; we will take you through each step with care and patience.
Understanding your business
Many traditional law firms forget this, but it’s the most important step. In order to give you something that will last for years, that truly reflects your business and your goals, we need to understand it.
We will take our time with this agreement; it is important to the harmonious relationship of the partners! We will consult with you throughout the drafting in order to make sure that your completely happy with the agreement and that it really reflects you and your team.
Once you are happy with the agreement, it is time for you and your business partners to sign. We can assist you in completing the transaction, so you do not need to worry about attending the offices.
It may be the case that over the years you have questions about the agreement, you need it amended, or you just want to better understand its provisions. We will always be on hand to help you.
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