Where two or more people are carrying on business together in partnership, it is usually advisable to put in place a partnership agreement. If there is no agreement, then the provisions of the partnership. However, in many situations, the default terms provided by the legislation aren’t consistent with the way the partners wish to operate the partnership.
While the Partnership Act 1890 provides default terms, modern business relationships often require more nuanced arrangements that align with your specific vision and objectives.
Our expert legal team specialises in creating customised partnership agreements that go beyond basic legislation, addressing crucial aspects such as profit sharing, capital contributions, and succession planning. By meticulously tailoring each agreement to your unique circumstances, we ensure your partnership has the robust legal framework it needs to thrive and evolve.
Securing shareholder relationships
It is often advisable for shareholders in a private company to enter into a shareholders’ agreement to regulate their rights and obligations in relation to the company. By setting out what should happen if certain events occur, a well-prepared shareholders’ agreement can give the parties greater certainty, additional protections and potentially avoid disputes later on. Shareholders’ agreements are however relatively flexible documents that can also address a wide variety of other issues.
If you are presented with a shareholders’ agreement that someone else has prepared it is advisable to obtain advice on the implications to check that you are not being unduly restricted or giving up rights which might otherwise wish to retain.
When contemplating a shareholders’ agreement, at the same time it is often worth considering whether the articles of association need to be amended or if any of the directors should enter into a director’s service contract.
We are experienced in preparing, advising on and negotiating shareholders’ agreements and can assist in putting in place a document that is right for you.
Our expert legal team excels in creating bespoke agreements that address everything from business scope and dividend policies to share transfer rights and confidentiality obligations. Whether you need a new agreement drafted or require guidance on an existing one, we ensure your shareholders’ agreement aligns perfectly with your business objectives while providing the clarity and protection necessary for long-term success.
An LLP agreement will normally cover aspects such as:
The needs and requirements of members vary from one LLP to another and we can assist in preparing an LLP agreement that’s appropriate for the circumstances.
Our business & commercial solicitors offer tailored legal advice for businesses of all sizes. Our client-focused approach and proven track record make us a reliable partner for businesses seeking legal support.
Our aim is to make the process as easy and uncomplicated as possible for you.