Partnership Agreements

Why do you need a Partnership Agreement

A partnership agreement regulates the relationship between partners in a business. A partnership agreement can contain provisions on how the businesses profits, losses and assets are divided, liability for debt, limits on spending, provisions in the event of death, exit arrangements, minimum professional indemnity and life assurance as well as details on holidays, company cars and whatever else you want agree on. Without a partnership agreement all assets are split and liabilities borne equally and all parties can bind the other partners without financial limit.

How we can help

Wilson Nesbitt Solicitors advise on the formation and structure of partnerships and settle draft partnership agreements and ensure the necessary formalities of execution are complied with. In the event of conflict or stalemate where no partnership agreement is in place we can advise on your position under the Partnership Act 1890.

Next Steps

Take the next step and call us on freephone number 0800 840 9294 or send us your details.

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