The partnership or LLP agreement forms the legal foundation of any partnership. It assists in organising and structure a firm, the length and complexity of any agreement depends in part on the size and nature of the partnership. No matter the size, at Birkett Long we believe in producing agreements that are clear and as straightforward as they can be, while dealing with all the key issues.
A partnership or LLP agreement will often deal with the following things:
- Capital
- Profits and losses
- Drawings
- Goodwill
- Duties of partners
- Indemnities
- Dismissing partners
- Rights to payment on termination
- Property
- Management
- Restrictive covenants
We also regularly assist Partnerships & LLPs in the following ways:
- Drafting agreements tailored for the partnership
- Reviewing existing agreements and, where appropriate, suggesting and drafting changes
- Advising on the application and enforcement of key terms in partnership & LLP agreements
- Defending and/or pursuing claims
Contact Tim Field
At Birkett Long, we have solicitors who have significant experience in what is a specialist area. If you would like advice or assistance.
