Entering a partnership demands a
clear legal framework to:
- · outline responsibilities
- · record invested capital
- · specify how future disputes will be resolved
At Nath Solicitors in
London we have over 30 years’ experience in creating and negotiating
partnership agreements for professionals and SMEs.
Why do I need a partnership
agreement?
Without a comprehensive
partnership agreement in place you run the risk of serious consequences. You
can avoid these with a partnership agreement. For example you might be forced
to close the business if one partner dies or a dispute causes one partner to
resign.
An agreement to drive growth and
prosperity
Businesses that are organised,
with clear, well-thought-out agreements in place are in the best position to
achieve success.
Our team will take the time to
listen to all members of the partnership, and discover your key objectives,
challenges and opportunities. Using this information we will draft a bespoke
agreement.
What are the most important
partnership agreement provisions?
A robust partnership agreement
contains, but is not limited to, the following clauses:
·
the
name of the business and what it does
·
the
amount of capital each partner has injected into the venture
·
the
responsibilities of each partner
·
how
the profits will be distributed
·
how
decisions will be made
·
how holidays,
sick days and parental leave will be managed
·
a
clear disputes resolution procedure
·
the
circumstances in which a partner would be expelled and the procedure for doing
so
·
the
procedure for managing the resignation or death of a partner
At Nath Solicitors, we are in
business too. We understand your priorities. With a tailor-made partnership
agreement in place you will have a solid base to build and develop your
business.
To
discuss how we can assist you with drafting bespoke IT and Software contracts
for your company, please contact Partnership Contract Solicitors London Or call our London office on
0203 670 5540 to make an appointment.
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