Unforeseen changes of circumstance, such as the untimely death of a majority shareholder/partner; a divorce; fall outs over the running of the business, or even an offer by a trade competitor to purchase the business can cause irreconcilable differences of opinion between shareholders and partners.
If there is no Shareholder Agreement or Partnership Agreement, which sets out how these matters are to be dealt with, it can be difficult to resolve these issues in a fair and reasonable manner or in a way that is acceptable to all those with a stake in the business. Unlocking a deadlock can also be incredibly costly and lengthy.
The experienced solicitors in Clifton Ingram’s Corporate and Commercial Department can advise and assist in the drafting of a bespoke, strong, effective shareholder and partnership agreements that cover all eventualities.
If unexpected events arise, or if there is a difference in management philosophy, serious disputes can occur between the owners and managers of the business, which take a considerable amount of management time and legal expense to resolve before all parties can move on. Shareholder and partnership agreements cover the funding, structure, management and direction of a business, as well as outlining the responsibilities and obligations of owners.
We have wide experience in drawing up Shareholders Agreements and Partnership Agreements for every sort of business structure and we can advise you on your potential risks depending on the circumstances of your particular business. We can also advise on how best to provide for a transfer of shares or partnership interests. A Partnership Agreement or Shareholders Agreement will give you a safety net, which will give you an agreed basis on which to settle matters should these problems arise in your business.
Shareholder & Partnership Agreement Legal Advice in our in our Wokingham and Reading, Thames Valley offices
Our solicitors at Clifton Ingram can advise you on all aspects of corporate and commercial law. Our Corporate & Commercial Team offer a professional and diligent approach coupled with high quality legal and technical knowledge. Our depth of experience enables us to offer commercial legal advice that helps exploit business opportunities, whilst successfully managing risk. We are a proactive and down-to-earth team of highly experienced solicitors; bringing a high quality and professional service to your local area. We regularly advise clients across the South East, including Berkshire, Hampshire, Oxfordshire, Surrey, Wiltshire and London. Speak to one of our team today to see how we can help on 0118 978 0099. Our solicitors will move fast to find a solution personal to you.