Partnership Agreement & Disputes

Whilst most firms will have a partnership or shareholders agreement in place, it is often found that they are not up to date and truly reflective of how the partners or directors manage their relationship.

It may come as a surprise how many firms operate with an outdated or irrelevant document that has not kept pace with the evolving nature of the firm itself and the document is almost redundant.

Keeping a partnership or shareholders’ agreement up to date is essential for effective management of the relationship between partners and shareholders and ensuring that the roles and responsibilities and requirements of each are up to date and reflect the requirements of the firm and the individuals.

We can assist with drafting and agreeing on the new partnership and shareholder agreements, reviewing and renewing existing agreements, and dealing with an addressing partner and director disputes.

The implementation and maintenance of an agreed and effective partnership or shareholder agreement is not just a regulatory requirement, but can and will solve potential future problems in a more efficient and effective way.

Find Out More

For more information about our Partnership Agreement & Disputes service, you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk

Partnership Agreement & Disputes – The Detail

Whether you are an existing firm or a new firm, the drafting and agreement of a Partnership/Shareholders agreement is essential to ensure that the relationship between the owners is clear and protects all parties.

The generation of an agreement to regulate the relationship of the Partners is not just a regulatory requirement but is also a fundamental element to the managing of the firm.

Partners and shareholders agreements, if drafted, can often be forgotten about and over time and as time passes, the agreements do not reflect the reality of the relationships between the owners and updating them on a regular basis is important to avoid issues from arising. A Partnership agreement must keep pace with the changing nature of the firm.

If a Partnership or shareholders agreement was never drafted or has been allowed to become out of date, the resolution of issues between the partners becomes hard to manage. The drafting or redrafting of the agreement will avoid issues, should they arise.

The finalising and updating of these agreements is an essential step in the event of a dispute between the partners or directors. A well written and clear partnership or shareholder agreement will ensure that any dispute is resolved quickly and without incurring significant expense or time.

In the event that it has been a while since the partnership or shareholders agreement has been reviewed or updated, The Strategic Partner will work with the firm and its owners to ensure that the agreement is brought up to date and represents the relationship of the partners or directors, and puts in place an agreement that reflects the basis of the relationship and how it is managed.

Our services include:

  • Drafting and Agreeing on new Partnership and Shareholder Agreements.
  • Updating existing Partnership and Shareholder Agreements.
  • Management of Partner/Member and Director/Shareholder Disputes.

In the event your firm is facing a dispute or potential dispute between partners or directors, the quicker this is addressed the better for all concerned and through active intervention, The Strategic Partner will work with those in dispute to seek a resolution without the need for litigation or damage being caused to the firm.

A dispute can cause immense personal pressure with impact on the firm, its staff and potentially its clients. Addressing the cause of the dispute and finding a resolution will be in everyone’s best interests. If that cannot be achieved between those in the dispute or by others in the firm, The Strategic Partner will work with all involved to secure a resolution wherever possible.

Enquiries

For more information about how we can work with you to resolve disputes, you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk.

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