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  • 1,500+ Business Documents - Partnership agreement
     Partnership agreementWhere two or more people set up a business with a view to making a profit, a partnership has been created whether or not a formal contract or deed has been executed.  However, if nothing is drawn up, it becomes a partnership at will, i.e. it can be ended at any time. Furthermore, it will become subject to the Partnership Act 1890, and there are several provisions contained in this Act that may not suit every partner. It therefore makes sense to get a formal partnership agreement drawn...
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  • 1,500+ Business Documents - Notice of intention to end partnership at will
    Notice of intention to end partnership at willFor various reasons you want to leave the partnership. How is this done? Use our notice to make sure all the formalities are complied with.AdviceIf there's either no written partnership agreement, i.e. there's only a verbal agreement, or there's no provision in the agreement about termination, then you've created what's called a "partnership at will". In this case, there's no need to give any notice that you want things to end - you can end things at any time. However,...
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  • 1,500+ Business Documents - Admission of new partner to existing partnership
    Admission of new partner to existing partnershipYou've decided at allow a new partner to join the partnership. Use our agreement to ensure that the new partner is correctly integrated without creating problems in the future.AdviceIt's not compulsory to have a written partnership agreement. Nonetheless, it makes sense to have one, not least so that you're able to cater for things going wrong, e.g. getting rid of a partner who's not performing. Taking on a new partner should give you the opportunity to examine...
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  • 1,500+ Business Documents - Dissolution of partnership
    Dissolution of partnershipYou've broken the news to the partners that you're leaving the partnership. It's now time to sort out the nitty-gritty. Use our deed of dissolution to focus on what's important and to ensure that all the loose ends are tied up before you go.AdviceDissolution occurs when the partnership ends. If the partnership agreement is silent on this aspect, then you need to refer to the Partnership Act 1890 ("the Act"). Before running off to find a copy of the Act, do check out the terms of your...
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  • 1,500+ Business Documents - Notice to end partnership under provisions of partnership agreement
    Notice to end partnership under the provisions of the partnership agreementYou're tied into a partnership. You've now decided to exit. Use our notice to do this correctly.AdviceIf you've entered into a written partnership agreement, the chances are that it will say how much notice you've got to give the other partners if you want to leave. It will probably also say in what form the notice must take, i.e. be in writing, and where and how it's to be served, e.g. at the partnership's principal office and by recorded...
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  • 1,500+ Business Documents - Limited liability partnership agreement
    Limited liability partnership agreementYou want the features of a partnership together with the benefits of "limited liability". You're therefore looking to form a limited liability partnership (LLP). Use our agreement as a basic framework.AdviceLimited liability partnerships (LLP) haven't been around that long. They're a cross between a partnership and a limited company. The main advantage over a traditional partnership is limited liability. This means that similar to a company, if things go wrong, the LLP...
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