Shareholder and Partnership Agreements

At Symes Bains Broomer, we understand the importance of setting up robust Shareholders’ Agreements and Partnership Agreements from the start. These agreements provide a solid foundation for your business, ensuring that all parties understand their rights and responsibilities.

Our experienced team of commercial solicitors can assist you in drafting and reviewing these essential documents, providing you with peace of mind and helping to prevent future disputes.

Shareholders’ Agreements are legal documents that outline the relationship between shareholders of a limited company. They cover crucial aspects such as voting rights, dividend policies, and procedures for buying and selling shares.

Having a Shareholders’ Agreement in place ensures that all shareholders are on the same page and provides a clear framework for resolving disputes. It is a proactive step to address potential issues before they arise, ensuring smooth business operations.

Partnership Agreements are essential for businesses operating as partnerships. These agreements outline the roles, responsibilities, and profit-sharing arrangements among partners.

Without a formal Partnership Agreement, partnerships fall back on general legal provisions, which may not suit your specific needs. A well-drafted Partnership Agreement provides clarity and security for all partners, helping to prevent misunderstandings and conflicts.

• Voting Rights: Defines how decisions are made and the voting power of each shareholder or partner.
• Share/Interest Transfers: Procedures for transferring shares or partnership interests, including rights of first refusal.
• Profit Distribution: Details on how profits will be shared among shareholders or partners.
• Roles and Responsibilities: Clarifies the duties and obligations of each party.
• Dispute Resolution: Outlines the process for resolving disagreements.
• Exit Strategy: Provides guidelines for exiting the business, including buyout provisions.

Our commercial solicitors offer comprehensive services to help you establish strong Shareholders’ and Partnership Agreements. We will work closely with you to understand your business goals and tailor the agreements to meet your specific needs.

We provide advice on all aspects of these agreements, from initial drafting to reviewing and updating existing documents. Our goal is to ensure that your agreements provide the necessary protection and clarity to support your business’s success.

If you need assistance with Shareholders’ or Partnership Agreements, our expert commercial solicitors are here to help. Contact our local teams in Scunthorpe or Goole, or use our online enquiry form for a quick response.

For clear, astute, and pragmatic commercial contract advice, please get in touch with Symes Bains Broomer today.