A partnership is formed when two or more people decide to start a business together, which can either be general or limited in nature.
Entrepreneurs who's considering to form a partnership must know that it's important to have an agreement between them and their partners to set the business conduct of the planned Partnership.
A Partnership Agreement is necessary as a foundation of the business partnership because it ensures that the owner's interests and that of his partners, are aligned and protected. Apart from reflecting clearly what business terms the partners agree on, a Partnership Agreement also provides guidance to mediate any disputes that may arise.
Our team of highly competent and highly experienced lawyers can help create the Agreement to suit the particular needs of the business, as well as the needs of the corresponding partners and ensure all eventualities will be covered by the Agreement. Particularly if no one within the Business Partnership has experience starting their own business, knowing which clauses to include can be difficult. Without professional legal advice, the Agreement could fail to provide for important aspects of your business.
However, business owners that already have some clear ideas about what they need to include in the Partnership Agreement may also let us review the proposed Partnership Agreement to ensure that their rights are protected and everyone is aware of their responsibilities.
