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If you are in business and work in partnership you need to make sure that you are protected by a properly drafted partnership agreement. As in other walks of life, partnerships can go wrong – make sure that you are adequately protected.

 

A properly written partnership agreement can help avoid disputes between you and your partners and will clearly define your duties. You should consider:

  • Name of the partnership

  • Contributions to the partnership

  • Allocation of profits, losses and drawings

  • Partners authority

  • Partnership decision making (unanimity, majority vote etc)

  • Management duties

  • Admitting new partners

  • Withdrawal or death of a partner

  • Dispute resolution

A shareholders agreement allows shareholders to vary the usual rules that apply and can be used to in a number of ways, including:

  • Voting arrangements

  • Issue of new shares

  • Transfer of existing shares

  • Rights to appoint directors

  • Dispute resolution

Our team has experience of advising shareholders on these issues and can advise you according to your needs.

We want to know about your business needs and what contracts best suit you and can advise on and draft a vast range of commercial contracts to ensure that you are fully protected in the business environment.

We appreciate that you may feel that the time is right to expand or merge your business, and can take you through the legal process from start to finish. This may include:

  • Mergers

  • Acquisitions

  • Business Sales

  • Joint Ventures

  • Management Buyouts

  • Corporate Restructuring

Porth

1 Station Street,

Porth, CF39 9NR

Tel: 01443 808 890

info@equilibrium-law.com

Swansea

23 Gower Road,

Sketty, Swansea, SA2 9BX

Tel: 01792 343 460

conveyancing@equilibrium-law.com

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Equilibrium Law is authorised and regulated by the Solicitors Authority.(SRA Number: 644745)

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