A Partnership Agreement is a form that establishes the rights and responsibilities of each partner in a business partnership, as well as the profit and loss distribution of each partner.
It's important to have a written Partnership Agreement because it sets up all the rules, responsibilities, and financial details of a business partnership and its general partners.
Creating a written contract also lessens the possibility of disputes between partners at a later date because the rules for the partnership were previously agreed to and signed by all the partners.
BPE's Corporate team can advise on your partnership agreement and help to put one together for your business
Bringing in new partners, colleagues or investors
As your business grows you may want to bring in new partners, colleagues, investors or even franchise your business. Ensuring your Partnership, LLP Agreements, Consultancy or Franchise agreements are robust is essential.
Commercial agreements should be as individual as each business. BPE creates tailored business terms, agreements and contracts to fit your business and its needs. One size does not fit all, so we take time to ensure your business needs are at the heart of everything we draw up
Selling your business to your partner
If you're looking to terminate a joint venure, it's normal practice for one partner to buy out the other. However it's a good idea to plan for this situation in the original agreement, so you can ensure your partner sells to you rather than to a third party.
You need to ensure that you exit the joint venture without any continuing liability. We can advise on this and protect you from future liability.
We can advise and support you through any joint venture concerns you might have.
Business owners are usually keen to protect their businesss interests in terms of how families and preferred beneficiaries will benefit in the longer term, particularly bearing in mind the risk of divorce within the family or possibly, remarriage of a surviving spouse. We can advise on the use of trusts both in your lifetime and in your Will to build up that protection so you feel your assets are protected as far as possible and that all beneficiaries will be looked after in the way that you intend.