Partnership Agreement Lawyers
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Description
A partnership is a type of business where two or more individuals are in agreement to carry on a business, trade or other activity together and share the profits and losses between them. A Partnership Agreement (also known as a Partnership Deed or Deed of Partnership) is a business management and ownership arrangement between the participants in a Partnership (and, we recommend, the Partnership itself) that will regulate the way that a Partnership is controlled and trades. A Partnership Agreement supplements the implied legal position (e.g. under the Partnership Act 1890) and the engagement terms of its senior employees, and will have provisions dealing with:
- Management, including rights and responsibilities of the partners
- Admittance and expulsion of partners
- Partners’ involvement in other businesses
- Business ownership, especially “exit strategies”
- Investment terms, how profits are shared, how assets (including Intellectual Property like trade names) are divided, and who would be liable for any business debts
- Termination of the Partnership.
- Our packaged internet-sold product assumes that our clients will have already understood the benefits and implications, will have decided to participate in a Partnership Agreement prior to their decision to buy our internet Partnership Agreement product. We can also advise on the matters mentioned in a bespoke retainer. Please Contact Us for more information.
How long will it take?
Our work from initial instruction to finalising the form of agreement generally takes about 7-10 working days. Special dispatch may be available where necessary at an extra charge.
Our work for you includes:
- Taking your instructions
- Drafting the Partnership Agreement
- A Guidance service.
Money Matters
Your supplier is unregulated Mounteney Legal Services Limited, that does not charge VAT
Our work will be charged at a fixed fee of £650
There is more about our fees on our website here
If you have any questions, require any further information, or would like to engage us (that will be on the T’s & C’s that are linked, “Our Terms”, in the footer, below) please don’t hesitate to Contact Us.