Partnership Matters

Whether you are looking to form a new partnership, or are experiencing issues with an existing partnership, seeking legal advice at the earliest possible opportunity is essential.

Commercial Services
Partnership matters

Whether you are looking to form a new partnership, or are experiencing issues with an existing partnership, seeking legal advice at the earliest possible opportunity is essential.

Entering into a new partnership, or even joining an existing one, can be a daunting prospect and requires careful thought as to the various partners’ responsibilities, rights and restrictions upon partners, how partnership finances are to be dealt with and what is to happen if a partner were to leave. We can help advise on such matters and to document the same in Partnership Agreement. As with a Shareholders’ Agreement when dealing with a company, a well drafted Partnership Agreement will help to address any areas of conflict that could arise later down the line.

Unfortunately, some partnerships do break down and in such circumstances we can assist with negotiations to bring the partnership to an end, culminating in a Deed of Dissolution, or to remove particular partners and replace them with others, allowing the partnership to continue.

Please contact the Commercial Team for more information.

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    Frequently asked questions

    Q: Do we need a written partnership agreement?

    A: No. But you are well advised to have one otherwise if you the business relationship breaks down it will become expensive, problematic and stressful to sort matters out at that time.

    Get to know

    the team

    Meet the team

    Andrew Stockton - Head of department

    After graduating from Leeds University, Andrew trained with the firm and qualified as a solicitor in 1984. He has specialised in commercial work since 1989 building a solid reputation for advising a wide variety of clients – from small start up ventures to national organisations.