At the start of a new venture, the partners or directors are excited, united and moving in the same direction. The initial intention is to never end on bad terms. However, to avoid any costly disputes or misunderstandings it is sensible to prepare in advance for such a scenario, because circumstances do change which could have a detrimental effect on the future of the business.
We advise all businesses involving a partnership, or more than one shareholder, to have a written Partnership or Shareholders’ Agreement.
A clear, concise and properly drafted agreement which simply explains roles and responsibilities eliminates all uncertainty from the relationship, leaving all parties to focus on the needs and growth of the business.
We can advise and draft agreements relating to a number of aspects, such as share restrictions and exit strategy.