When a new business begins, the partners or directors are united and moving in the same direction. The initial intention is never that the relationship will end on bad terms. However, it is important to prepare for such a scenario at the outset of the business, when the relationship is at its strongest.
We advise all businesses involving a partnership, or more than one shareholder, to have a written Partnership Agreement or Shareholders’ Agreement.
A properly drafted agreement eliminates all uncertainty from the relationship, leaving the parties to focus on the needs of the business. We can advise and draft agreements relating to a number of aspects, such as share restrictions and exit strategy.