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.
Our practice is located outside of the Perth CBD and because of this our hourly rates are 20% lower than the standard rates charged by most Perth law firms. Our rates are extremely competitive compared to the rates charged by other commercial law firms.
For information on how partnerships can be wound up click here - http://www.ahernslawyers.com.au/latest-news/dissolution-of-partnerships/.