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Partnership Agreement Solicitors Brighton and Hove
Your best friend today could be your worst enemy tomorrow, and nowhere is that more true than when you do business with a friend or family member. Our partnership agreement solicitors in Brighton and Hove understand the importance of this agreement and will draft you a document that’s fair and that can be relied upon when needed.
Call us on 01273 726951 or email info@brittontime.com to arrange a consultation today.
PARTNERSHIP AGREEMENT SOLICITORS BRIGHTON AND HOVE
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Partnership Agreement Solicitors
A partnership agreement dictates all the duties and obligations between you and your business partners. As a result, it’s in a company’s best interests to get a partnership agreement drafted and reviewed by a commercial solicitor. Our partnership agreement solicitors in Brighton and Hove will ensure your agreement is well worth the paper it’s written on.
Contact our partnership agreement solicitors on 01273 726951 or at info@brittontime.com.
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, as well as how profits and losses are split between partners.
The value of having a written partnership agreement is that it lays out all the rules, responsibilities, and financial details of a business partnership. Also, the agreement reduces the possibility of any future disputes, because all partners have agreed to the terms and conditions. And in the event of any disputes, it’s a simple case of referring back to the document, minimising any arguments and lengthy discussions.
What does drafting or reviewing a partnership agreement involve?
What the agreement involves entirely depends on what you, your business partners, and your company are looking to achieve. Due to every company’s intentions being different, drafting or reviewing a partnership agreement, we will always recommend arranging an initial consultation. An initial consultation ensures our solicitors understand how you intend each business partner to work in the business, and how you work with each other.
Some agreement procedures may be straightforward and simply require our solicitors to review a pre-drafted agreement. We will help to remove or re-draft any unfair, or unenforceable terms and conditions that may cause issues further down the line.
If a fresh partnership agreement is required, we will help you to draft a bespoke agreement from scratch.
It’s crucial if you are presented with a partnership agreement, that you seek independent legal advice on the agreement to ensure you understand its contents. Failing to do so may mean you sign a document that carries risks to you and your financial position.
How much will it cost to draft or review a partnership agreement?
But, as a rough guideline, a straightforward agreement can cost upwards of £800 plus VAT. For more complex agreements, this price may increase in line with the time required to draft them.
Agreements that include multiple partners, multiple businesses, or agreements that require several layers of protection and dispute resolution for partners will typically increase costings.
How long does it normally 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.
Key stages involved in drafting or reviewing a partnership agreement
Depending on your matter, the typical drafting of a partnership agreement will involve:
- An initial consultation to understand what you seek to achieve from the agreement
- Outlining the potential implications for you, each business partner and the company from the proposed agreement
- Drafting your initial agreement
- Making any adjustments to the agreement to cover any risks and input from other partners
- Finalising the agreement, ready to be signed
Depending on your matter, a typical reviewing of a partnership agreement will involve:
- An initial consultation to understand what your understanding of the agreement is and the context in which it was made
- Outlining the potential implications for you in the agreement
- Advice on any undesirable terms and conditions in the agreement on your behalf.
- Re-drafting any particularly onerous clauses within the contract
Not sure whether you need the help of a shareholder and partnership agreement solicitor? Call us on 01273 726951 or email us at info@brittontime.com and one of our team will gladly advise.
How Can Our Partnership Agreement Solicitors Help?
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Meet Your Partnership Agreements Team
Partnership Agreement Solicitors in Brighton
Paul Britton
Head of Commercial Law, Solicitor Director
Joseph Navas
Solicitor
Rory Lindsay
Paralegal
6 Reasons to Choose Britton and Time’s…
Partnership Agreement Solicitors
Britton and Time is proudly regulated by the Solicitors Regulation Authority and our solicitors believe in offering no nonsense, common sense advice with up-front pricing. We do this through our 6-point service guarantee:
PROFESSIONAL FEE PROMISE
We will offer fixed fees where possible, and if not, we will state clearly what your case is estimated to cost, alongside hourly rate options so you can judge what works for you
SURPRISE-FREE PRICING
We will inform you when we know there will be third party costs to be paid. If additional third party payments are required, we will always seek your approval first
REASONABLE TIMELINES
We will let you know how long your case will take, what delays you can expect, and our solicitors will always reply to you in a timely manner
BILLING TRANSPARENCY
We bill every month, with detailed accounts of what you are being charged for. Our solicitors are happy to discuss if you have any questions about your bill.
CLEAR CASE MANAGEMENT
Before work starts, we will tell you what work needs to be done to reach the best outcome for you, and what your options are once you reach that point
OBJECTIVE ADVICE
We never take on cases we do not feel we can do justice and if your case does not need a solicitor, we will tell you just that and advise you what your options are
PARTNERSHIP AGREEMENT SOLICITORS BRIGHTON AND HOVE
Contact Our Partnership Agreement Solicitors Today
Our partnership agreement solicitors in Brighton and Hove are available to discuss your matter in privacy. Contact us today, or call us on our 24/7 line 01273 726951 and we can book in your initial consultation.
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