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A partnership agreement solicitor will ensure that all partners rights and capital are protected in your agreement.
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Need legal advice now from a partnership agreement solicitor in London or Brighton?
Call, email or provide us with a few details of your matter, and we’ll help you arrange an initial consultation. You’ll get:
- Unlimited time to discuss your partnership agreement with an experienced solicitor
- An outline of your legal position
- A clear fee-quote and time frame to resolve your dispute
Expert partnership agreement solicitors
Drafting and Reviewing of partnership agreements
Save thousands with the right agreement guidance
Litigation options available for agreement disputes
Commonly asked questions on partnership agreements.
A partnership agreement dictates all the duties and obligations between you and your business partners. As a result, we often get many questions regarding partnership agreements. Below, our partnership agreements solicitors in London and Brighton have answered some of the most commonly asked questions regarding the topic.
1. What is a partnership agreement?
A partnership agreement, also known as a partnership contract, is a legally binding document. The agreement establishes the rights and responsibilities of each partner and how they split profits and losses.
The value of having a written partnership agreement is that it lays out all the rules, responsibilities, and financial details of a business partnership. Furthermore, the agreement reduces the possibility of any future disputes because all partners have agreed to the terms and conditions.
In the event of any disputes, it’s a simple case of referring back to the document, minimising any arguments and lengthy discussions.
2. Are partnership agreements legally binding?
All partners who have signed a partnership contract have entered into a legally binding agreement. The partnership agreement will include the roles and responsibilities of the partners. However, in most cases, a partner will be able to exit or dissolve a partnership, providing they concede with the terms agreed within the partnership agreement.
3. When should a partnership agreement be formed?
Partners will form an agreement document to give all parties precise details of their partnership. For example, this might involve their capital involved, their rights and obligations and rules of engagement in the event of a dispute or dissolution.
4. How long does it take to draft or review a partnership agreement?
A simple partnership agreement can take as little as 1 to 2 weeks to be drafted, from initial consultation to you receiving the first draft.
If the agreement is particularly complex, you can expect the time frame to increase to 2 to 4 weeks.
5. How much does it cost to draft or review a partnership agreement?
Each partnership agreement case is different, which is why we offer an untimed initial consultation to understand the complexity of the agreement you desire. Agreements that include multiple partners/businesses, or agreements that require several layers of protection and dispute resolution for partners, will typically increase costs.
Within an initial consultation, our solicitors will be in a position to provide a more precise estimate of how much your agreement case will cost.
In this initial consultation, our solicitors guarantee:
- Unlimited time to discuss the details of your partnership agreement and ask any questions you may have
- An overview of your legal standpoint and available options
- A clear time and fee estimate for your partnership agreement.
To contact one of our partnership agreement solicitors, please call us on 020 3007 5500.
Need legal advice now from a partnership agreement solicitor in London or Brighton?
Tell us about your case and we’ll get back to you the same day.
Meet your partnership agreement
team.
Paul Britton
Head of Business Agreements
Joseph Navas
Partnership Agreement Solicitor
Sophie Campbell-Adams
Partnership Agreement Solicitor
Rory Lindsay
Partnership Agreement Trainee Solicitor
Paul Britton
Head of Business Agreements
Joseph Navas
Partnership Agreement Solicitor
Sophie Campbell-Adams
Partnership Agreement Solicitor
Rory Lindsay
Partnership Agreement Trainee Solicitor
Why Britton and Time Solicitors?
Partnership agreements are our speciality. Our solicitors have worked on various partnership agreement cases, which have given our solicitors an abundance of knowledge and experience in these processes. When it comes to your specific partnership agreement case, we’ll always guarantee:
Award-Winning Service.
You are our priority, and the law is our speciality. Our award-winning partnership agreement solicitors in London and Brighton ensure you know exactly where you stand from a legal perspective so you can make a well-informed decision.
Full Billing Transparency.
No fee surprises. Ever. Our partnership agreement solicitors will inform you from the outset on how much your case will cost, and we will do everything in our power to keep costs down and within your original fee estimate.
Regular Communication.
With fortnightly updates on your case, you’ll never be left in the dark. Our partnership agreement solicitors in London and Brighton ensure you know exactly how your case is progressing and are with you every step of the way.
Our reviews.
It’s not about how good we think our services are; it’s about what you think.
Will to Win
There are three things that make Britton & Time, and in particular Paul, stand apart from other law firms: knowledge, communication and a will to win.
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Need legal advice now from a partnership agreement solicitor?
Call, email or provide us with a few details of your matter, and we’ll be able to help you the same day.