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Protecting Your Business Relationships from Day One
If you’re starting or running a business in partnership, a clear, well-drafted agreement is essential. Our specialist solicitors provide practical, plain-English advice to help you set the rules, avoid disputes and protect your investment.
Without a formal agreement, your partnership will be governed by the Partnership Act 1890 – a one-size-fits-all law that rarely reflects the realities of modern business. We ensure your agreement is tailored to your goals, sector and long-term plans.
Duration of the partnership – fixed term, ongoing or tied to specific events.
Capital contributions – who invests what and how future funding is handled.
Profit and loss sharing – fair allocation based on agreed ratios, not default equal splits.
Drawings and distributions – when and how partners can take income.
Decision-making – voting rights, reserved matters and day-to-day authority.
Succession planning – what happens on retirement, death or exit of a partner.
Dispute resolution – agreed processes to resolve disagreements quickly and cost-effectively.
Draft partnership agreements from scratch or update an existing agreement.
Professional services firms - formalising partner roles;
Family-run businesses - planning for succession provisions;
Start-ups - pooling skills and resources; and
Established partnerships - seeking to formalise their arrangements.
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