Business Agreements

Business Agreements

Shareholder agreements

Not all businesses are the same; the dynamics between shareholders can vary dramatically both in terms of investment and day-to-day involvement in the business. Even where shareholders and directors of the company are one and the same, thought needs to be given as to how the business should be run, decisions made, ownership held and exits organised.

We always advise that spending a little bit of time at the outset can save a lot of time, cost and disruption in the long run. We can help with:

  • Shareholder and director interests – the identification of rights and responsibilities
  • Arranging exit events
  • Share ownership and rights on transfers
  • Drag and tag rights
  • Restrictive covenants

Outsourcing agreements

Sometimes you simply need to focus on what you do best, letting others support you along the way.  Whether you are looking to source IT services, HR support, security or other specialist services or goods, we can help you to prepare and establish the legal framework for your new relationship. We can help with:

  • Understanding your requirements and negotiating the terms to fit your expectations
  • National and international outsourcing

Confidentiality and non-disclosure agreements

We appreciate that in today’s digitalised economy the protection of sensitive information is of paramount importance.  Whether you’re considering a business sale or purchase, a new joint venture, or the provision of information to manufacturers or suppliers, you will invariably wish to protect your confidential information, or may simply be asked to maintain discretion.  We will ensure that your interests are protected as far as possible. We can help by:

  • Tailoring suitable confidentiality terms in line with the intended purpose
  • Taking positive action to protect your position, if need be, through commercial litigation

Partnership and LLP agreements

We appreciate, especially as we are a limited liability partnership (LLP) ourselves, that both traditional partnerships and LLPs are attractive structures for a variety of business models, in terms of flexibility and tax planning. However, to ensure that it works well, there needs to be a clear understanding between all the partners about their respective rights and responsibilities. Also, as with any relationship, things can change with time and even break down.  You will need to consider how to deal with the exit, retirement and expulsion issues that may arise. Getting the partnership or LLP agreement right in the first instance is imperative and we can work with you to ensure that key pitfalls are explained and that your relationship is clearly documented. We can help with:

  • Setting up and drafting partnership and LLP agreements
  • Assisting and guiding partners through disputes, exits and deaths

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