A partnership agreement is the legal foundation of any business run by two or more people together. It sets out how the partnership operates, how profits and losses are shared, how decisions are made, and what happens when things change. Without one, you must rely on the provisions of the Partnership Act 1890, which is unlikely to reflect how your business actually works. At BWS Law, our solicitors advise partnerships of all sizes on drafting, reviewing, and updating partnership agreements that protect every partner’s position and give the business a stable legal framework.
At BWS Law, our work in this area covers all aspects of partnership agreements, including:
A partnership agreement needs to reflect the specific circumstances of your business and the people running it. Key provisions covering capital contributions, profit sharing, decision-making authority, and dispute resolution need to be thought through carefully and drafted clearly, or they will cause problems that can be expensive to resolve.
Our solicitors take time to understand your business, your working relationships, and your expectations before drafting. We produce agreements that are clear, legally sound, and built around your commercial reality. We explain every provision in plain English so that every partner knows exactly what they are signing and what it means in practice.
For many businesses, a limited liability partnership offers significant advantages over a traditional general partnership, including protection of personal assets and a more flexible structure for bringing in new members. The LLP members’ agreement that governs the relationship between members needs to be as carefully drafted as any partnership agreement.
Our solicitors advise on whether an LLP structure is right for your business and draft members’ agreements that reflect your commercial arrangements, protect individual members, and give the LLP a clear governance framework.
Partnerships evolve over time. New partners join, existing partners retire or leave, and the ownership structure changes as the business grows. Each change needs to be handled properly to avoid disputes and make sure the partnership agreement continues to reflect reality.
Our solicitors advise on the admission of new partners, including the terms on which they join, and the changes needed to the partnership agreement. Where a partner is leaving, we advise on their rights and obligations on departure.
Partnership disputes can be damaging and expensive if they are not resolved quickly. Our solicitors advise partners on their rights under the partnership agreement and at law, and work to find practical solutions that protect the business and the individuals involved.
We advise on negotiated settlements, mediation, and formal legal proceedings where necessary. Where a partnership has broken down completely, we advise on dissolution and the steps needed to wind up the business in an orderly way.
A partnership agreement drafted years ago may no longer fit the business it governs. Changes in personnel, business activity, or the law can all leave an existing agreement inadequate or out of date.
Our solicitors routinely review existing partnership and LLP agreements, identify gaps and risks, and advise on what needs to change. We handle the redrafting and any negotiations between partners so that the agreement accurately reflects your current arrangements.
Whether you are setting up a new partnership or dealing with a dispute in an existing one, our solicitors are well placed to give you the advice you need.
BWS Law is a Loughborough firm with a genuinely national practice. Our solicitors advise partnerships and LLPs across the UK, bringing broad commercial experience to every matter while remaining accessible and personally invested in the clients we work with. You deal with people who know your matter and are easy to reach throughout.
Partnership agreements raise difficult questions about money, control, and what happens when things go wrong. Our solicitors address those questions directly and make sure every partner understands the implications of what they are agreeing to before they sign.
At BWS Law, a named solicitor will handle your matter from start to finish. They know your business, understand your goals, provide regular updates, and are available to answer questions as they come up.
We are committed to charging fair, transparent rates and to being upfront about costs from the outset. Our experience in partnership agreement work means we get to the point quickly, avoid unnecessary back and forth, and complete matters without running up avoidable cost. Clients get thorough, well-considered advice at a price that reflects genuine value for money.
If you need advice on a partnership agreement, contact us today to find out how we can help.
To find out more about how we can help, please call us on now on 01509 232611 or Click here to make an enquiry.
