Partnership agreement solicitors
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At Moore Barlow our partnership agreement solicitors are dedicated in offering bespoke legal services that ensure your business interests are protected, disputes are resolved smoothly, and a robust foundation is set for your business.
Whether you are starting a new partnership, navigating through transitional phases, or aiming to strengthen existing relationships, our team of legal experts in partnership agreements (PA) are here to ensure your partnership is legally sound and secure.
What is a partnership agreement?
A PA is a fundamental legal contract between parties who wish to jointly manage and operate a business. It sets out the rights, responsibilities, and expectations of each partner, covering key aspects such as capital contributions, distribution of profits, decision-making processes, and the process for resolving disputes.
Crafting a detailed PA is crucial for avoiding misunderstandings and ensuring the business operates efficiently.
How our partnership agreement solicitors can help
Moore Barlow solicitors provides an all-encompassing range of legal services for businesses designed to help you navigate any complexities or challenges that may arise. Ultimately, we offer expert guidance to protect your interests.
Our partnership agreement solicitors specialise in creating tailored PAs that accurately reflect the specifics of your business and partnership, ensuring fairness and mutual benefit for all parties involved. We also offer expert legal advice on partnership law and dispute resolution services, ensuring your PA is both comprehensive and compliant with current legal standards.
Who can we help?
Our clientele encompasses a diverse range of businesses and professionals, including start-ups and entrepreneurs embarking on new ventures, established businesses seeking to formalise or update their partnership arrangements, and partners looking to address changes or resolve disputes within their partnership structure. We also cater to professional partnerships in various sectors, offering specialised agreement services that meet the unique needs of these industries.
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Why choose Moore Barlow solicitors?
Our team is comprised of experienced solicitors who bring a wealth of knowledge in partnership law, drafting tailored PAs, ensuring you receive comprehensive and effective legal advice. When working with us, you’ll quickly understand that our lawyers value your business relationships as much as you do.
We are committed to providing personalised services, tailoring our legal solutions to meet your specific business needs. Our focus on delivering practical, straightforward advice is designed to safeguard your interests and facilitate your business objectives, all while maintaining our dedication to excellence in legal service.
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Frequently asked questions
Why is a partnership agreement necessary?
A PA clarifies the terms of your business partnership, reducing the potential for disputes and providing a clear framework for resolving issues that may arise.
Although, PAs are not legally required but are highly recommended. Without one, partnerships are governed by default rules under the Partnership Act 1890 (PA 1890), which may not suit the partners’ specific needs or intentions.
Can we draft a partnership agreement ourselves?
While it is possible, professional legal advice is recommended to ensure your agreement is comprehensive, legally sound, and tailored to your unique circumstances.
How often should our partnership agreement be reviewed?
It’s advisable to review your agreement regularly, especially after significant changes in your partnership or business operations, to ensure it remains relevant and effective.
What if we don’t have a partnership agreement?
Without a PA, your partnership will be governed by default rules under the PA 1890, which may not align with your preferences or adequately protect your interests.
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