If your business involves the use of a company or partnership, it is advisable to enter into a shareholder or partnership agreement.
Shareholder and partnership agreements set out the basis for conduct of the company or partnership and will outline rights, responsibilities and obligations of the shareholders/partners.
The agreement should provide procedures for dispute resolution, set out minority rights and deal with employment and restraint issues which may arise should things not go as planned.
A well drafted agreement can help to minimize disputes about the running of the company/partnership and provide a degree of certainty for individual shareholders/ partners. It can also reduce the cost of dealing with conflict.
If you would like help or advice in negotiating, drafting or checking a partnership or shareholder agreement, please contact us.