A partnership agreement allows you to structure your relationship with partners in a way that suits your business. It spells out the responsibilities and rights of the partnership’s members, which helps to minimise the risk of dispute should any misunderstanding arise.
A partnership agreement offers guidance on the sharing of profits and losses; financial contributions; personal liabilities and the liability of any losses. It can define management responsibilities, from the day to day running of the business to strategic decisions around expansion or reduction. Agreements can also help plan for any future exit of partnership members.
Call our corporate and commercial department now on 0800 158 4147 for advice on any issue relating to a partnership agreement.
Helping to minimse the risk of any dispute
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