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Partnership Agreement Solicitors

Morecrofts have been helping businesses for more than 200 years, with a forward-thinking reputation for outstanding service.

We have a dedicated business team who will assist you with your needs in a timely, confidential and professional way.

What is a Partnership Agreement?

A Partnership Agreement is a written agreement between two or more individuals who wish to go into business together with the intention of making a profit. This is an essential step when venturing into business with others, as disputes and circumstantial changes can massively impact a business. Having a Partnership Agreement is the only way to ensure the business and the individuals’ involved are able to survive.

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How can our Commercial Law Solicitors help?

When entering into a business partnership, specific terms and conditions of the relationship between the partners must be clearly established. It is essential that you seek legal advice with a view to having a proper Partnership Agreement prepared. The agreement will allow each of the partners to manage the business according to agreed objectives and clarify at the outset the rights and obligations of the partners, including the financial contribution required from them.

A Partnership Agreement will provide a mechanism for:

  • Protecting assets
  • Distributing profits
  • Determining the outcome of the death of a partner/if a partner chooses to leave
  • Setting out how disputes will be resolved.

Morecrofts’ specialist team of commercial law solicitors are able to advise you on the best possible way of achieving a successful partnership. We are able to assist with producing an agreement that ensures your partnership is effective from its early stages, and address issues that may arise during the lifetime of the business.

How much does a Partnership Agreement cost?

Morecrofts understands how worrying legal costs can be. With this in mind, we have a range of payment plans available to suit whatever your budget and needs may be. We offer fixed fee packages as well as our traditional fee system. We are able to advise you on the best payment plan for you.

Contact our team

At Morecrofts, we are passionate about getting the best possible outcome for our clients. If you have any queries at all, our friendly team are here to help. Call us on 0151 236 8871, email us at or use our contact form.

Licensing for businesses

Our fixed fee costs for applications for a new premises licence and to vary an existing licence are set out below.

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LLP Formation Services

When you are considering forming a Limited Liability Partnership (LLP) there are many things that you need to consider.

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Directors Disqualification Solicitors

Wrongdoing on the part of directors can also lead them to being disqualified by the court from being a director of, or involved in the management of, a limited company for a period between two and fifteen years.

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Partnership Dispute Solicitors

However carefully and comprehensively a Partnership agreement has been drawn up, disputes between Partners sometimes arise.

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Mergers and Acquisitions Solicitors

Whether you are looking to buy a small established business or are looking to branch out into new territories/areas through merger or acquisition, we have the knowledge and practical experience to advise you.

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Intellectual Property Solicitors

Intellectual Property is a very valuable resource in business, make sure you look after yours.

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Commercial Mediation

Mediation is an effective way to resolve disputes and can be used in commercial cases to help bring about a settlement and avoid potentially costly court cases.

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E-Commerce Legal Advice

Billions of pounds are spent every year online - make sure you are trading securely and legally.

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Cross Option Agreement Solicitors

Cross or double option agreements are available to partnerships as well as companies.

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Corporate Restructuring Solicitors

A business may be struggling financially but may not require a formal insolvency procedure to help it survive.

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