BUSINESS OBJECTIVES ACHIEVED
Our team can provide you with advice on joint venture projects ranging from collaboration and cooperation arrangements and shareholder agreements to full-scale mergers of existing businesses or companies; we have extensive experience in dealing with the different options that are best for your business.
As the use of limited partnerships has grown, we have increasingly advised parties on structuring their arrangements in this way, as well as via more traditional partnership or joint venture corporate structures.
Before entering into a partnership it is important to consider the various rights each partner is to have and the different duties expected of the partners. These expectations can then be established in a written partnership agreement. Matters that a partnership agreement may address are:
A member of our team can provide advice as to content of your partnership agreement.
It is important that no matter who you go into business with, whether friends or family or business partners, that you have considered the possibility that you might disagree with the other owners of the business about important decisions throughout the life of the business. There are many reasons why we recommend a shareholders' agreement if you are running a company, or a written partnership agreement is put in place if you are a partner in a partnership, or a members agreement is put in place if you are an LLP.
This is a contract between the shareholders of the company and sets out how the relationship between the shareholders is to operate. For example, how certain decisions will be made and who will make them, what happens when someone wants to sell their shares and leave the business and how much people will get paid for their involvement in the business. Numerous other issues can be settled in a shareholders' agreement and so, if a disagreement should arise, the shareholders can look to the agreement and hopefully settle the issue without a dispute arising.
Our team can provide help to ensure you have the right content in place in your shareholders' agreement.