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Legal

Partnership Agreement

When you are setting out on a new business in partnership with others - then that is the best time to write down how you plan to run your business and how you might choose to bring it to an end. Before you have any chance to disagree!

If you decide to form an LLP or general partnership with a business partner or partners, it makes sense to have a partnership agreement in place from the outset particularly to avoid misunderstandings and even disputes that may arise in the future.

A partnership agreement sets out the details of the partnership, the partners, their profit share, capital contributions and process for leaving the partnership should one partner choose to leave the business or sadly die.

websters strive to make partnership agreements straightforward and easy for all parties to understand within the limits of legal accuracy.