Partnership Agreements and Partnership Disputes
A partnership can be a simple and inexpensive business structure.
However we often see disputes between partners due to disagreement surrounding the roles of each partners, the direction of the business and how money is distributed.
We can assist you in avoiding a dispute or assist you in resolving a dispute that has already occurred.
Before establishing a partnership it is important to work out the following:
- The role and authority each partner will have;
- The financial contribution each partner will make;
- A clear procedure to be followed if a dispute arises;
- A clear procedure for how to end the partnership.
We prepare partnership agreements that clearly define how the partnership will operate to avoid disagreement and to reduce the risk of disputes arising between the partners.
We can also advise you on how the resolve a partnership dispute in a cost effective and quick manner.
Because our offices are not located in the CBD our rates are substantially lower, often up to 20% lower, than most commercial law firms.
In our experience sometimes clients shop around with quotes that we provide, which of course is their right. We always tell clients, therefore, if they receive what they think is a better price they can forward it to us and we will match it.
For information on how partnerships can be wound up click here - http://www.ahernslawyers.com.au/latest-news/dissolution-of-partnerships/.