Partnership agreement lawyer
Embarking on a business partnership is much more than a handshake deal. A solid partnership agreement is the cornerstone of a thriving partnership business relationship. We’re here to help you lay a robust foundation through negotiating and documenting a sound partnership agreement.
Our approach to partnership agreements is all about alignment and foresight. We understand that each partnership is unique, requiring more than just legal formalities. Whether it’s defining roles, outlining profit sharing, or preparing for future scenarios, we tailor partnership agreements to fit the contours of your partnership.
Whatever your needs, our business partnership lawyers are here to help. By choosing Solomon Hollett Lawyers for your partnership agreement needs, you’re not just protecting your interests – you’re setting the stage for a harmonious and prosperous business venture.
Building strong foundations for business partnerships
When you choose a partnership agreement lawyer, you’re equipping your business venture with crucial tools for success. With us, you can expect:
- Tailored agreements: Every partnership is unique. We craft agreements that perfectly fit your business’s needs and goals.
- Clarity in roles and responsibilities: Clear definitions prevent misunderstandings. Know who does what and set the stage for smooth operations.
- Conflict minimisation: Foreseeing and planning for potential disputes between partners keeps future conflicts at bay and preserves your business harmony.
- Legal compliance: Stay aligned with the law. We ensure your partnership agreement meets all legal requirements, avoiding costly oversights.
- Future-proofing your business: We help plan for the unexpected, safeguarding your partnership against unforeseen challenges.
- Peace of mind: Knowing your partnership is built on a solid legal foundation lets you focus on growing your business.
Tailored partnership agreement solutions for every step
At Solomon Hollett Lawyers, we offer comprehensive legal services to ensure your partnership is built on a strong, legally sound foundation. We can also assist in partnership disputes to ensure your rights are protected and a practical, sensible resolution is achieved. We can help with:
- Drafting partnership and management agreements
- Advice on the roles, duties and authority of partners
- Advice on partnership exit agreements and transfer of assets
- Representation and legal advice for avoidance of partnership disputes
- Advice on dissolution of partnerships
- Advice on restructuring, earnouts and workouts
- Advice on the distribution of profits
- Partnership buyouts
- Succession planning and wealth transfer individuals and businesses
Client testimonials
From individuals to families, from startups to large corporations, professional groups to charitable foundations - we’ve stood beside a diverse range of clients helping them best navigate their legal journey when it comes to protecting assets and securing legacies. Here’s what some of them have to say.
"What we appreciated most about working with Morgan Solomon was his extraordinary ability to absorb and process information on his feet and cut through peripheral issues. A good lawyer needs to remain calm, collected and outcome focussed throughout a tough negotiation. Morgan ticked all of these boxes, and more. He’s also a wonderful guy and really easy to work with."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Brandon and the team and SHL were excellent to deal with. Their advice was clear and articulated in a manner that I could understand. They worked to some critical deadlines that I had which was very important. I would highly recommend and will certainly use their services again in the future.
I would like to recommend Brandon Hetherington, Brandon has been amazing. Without his professionalism I probably would of going crazy. He explained everything in layman terms, which was great. Thanks once again, if you need a lawyer this is the place to go."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Recently we consulted Solomon Hollet Lawyers to deal with some family matters on my behalf. In relation to a will. They were fantastic. Professional right from the start to the end. They made the process very comforting indeed. Originally I got onto them via a way of a 15 minute free phone call which I found on the internet. Jessica Spee was our lawyer and we established an awesome rapport with her.
What was originally thought to be a massive headache for us was made very simple by Jessica.
Her staff were professional and outstanding in their customer service delivery.
Thanks Jessica your a total professional and I cannot highly recommend her and her company enough.
Thanks a heap Jessica"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"This firm is friendly, helpful and accessible - from the first person that answers the phone, they make you feel welcome and at ease. I had a consultation with Morgan Solomon and cannot recommend him highly enough. His early advice, for which I am incredibly grateful, has most likely saved me from a lengthy and expensive legal battle and many sleepless nights worrying about my situation. Morgan is not only an expert in his field, he is excellent at explaining applicable laws and the pros and cons of different courses of action to his clients. Thank you, Morgan, and everyone at Solomon Hollett Lawyers."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Andrew Bower represented me in a very messy business partnership dispute. Andrew’s professional conduct, court mannerisms and high quality of work was amazing! His knowledge of the legal system and attention to detail gave me peace of mind every step of the way. The last 12 months have been a stressful legal roller coater ride and in December Andrew put a successful end to that chapter. I would highly recommend Andrew and I cannot thank him enough.
Andrew Bower from Solomon Hollett law firm is an extremely professional, knowledgeable, pro active lawyer that owns the client's problem, and do everything possible to help the client succeed with great care, loyalty, passion and dedication. Strongly recommended.
Andrew's professional advice and guidance has saved our business thousands and a lot of heartache. Highly recommend Andrew and Solomon Hollett Lawyers."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"We had an excellent experience with Annabel at Solomon Hollett Lawyers recently. Annabel helped us out through an estate matter that we wouldn’t have been able to deal with ourselves. She was very professional, helpful and prompt in all of our interactions. I would recommend them very highly."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"We engaged Solomon Hollett to represent us (executors) in a challenging and frustrating Estate matter. We cannot praise both Morgan Solomon and Matthew Gunn highly enough for the extremely professional and understanding approach they took and their attention to detail. Their knowledge of both the law and estate procedures was second to none and their communication skills were outstanding. We settled the matter at mediation thanks in large part to their support and guidance. I would very strongly recommend them."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"I recently employed Craig Hollett when my partner required defence in a complex criminal matter. From the outset of this very difficult journey, Craig’s professional and approachable manner put me at ease. Navigating foreign legal processes was incredibly unnerving, but Craig’s extensive knowledge and patient explanation made the experience far less daunting. Craig was always available to me when I required advice and guidance, which made me feel as though there was someone I could trust in the midst of a great deal of turbulence. Although he was kind and reassuring, Craig was straight down the line and made sure I was fully aware of all possible outcomes, even when it was not what I wanted to hear. The compassion and genuine concern he showed was extraordinary, as was his unwavering performance in court. With Craig’s guidance, we were able to obtain the best outcome we could expect, and I will be forever grateful to him. I could not be more pleased with the service that Craig provided and would not hesitate to recommend him."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Our experience with Solomon Hollett Lawyers was nothing short of fantastic. We found ourselves in a tough spot when a client unexpectedly canceled a contract early, leaving us hanging with unpaid invoices and other charges for months.
Andrew Bower, came highly recommended from another lawyer and lived up to every expectation. Not only were him and his team incredibly knowledgeable about the intricacies of contract law, but they handled our case with the utmost professionalism and expertise. What truly set them apart was their ability to translate all that legal terminology into layman's terms that we could easily grasp. It made navigating the complexities of our situation a breeze.
Thanks to their guidance and skillful negotiation, we were able to resolve the matter in our favor. We couldn't be happier with the outcome! They consistently deliver exceptional service, demonstrating proficiency at every juncture. Highly recommended!"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Very grateful to be able to deal with Morgan and the rest of the team. They ask the right questions, arrive at the best possible solutions and are extremely thorough. Highly recommended for their professionalism and clarity provided."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"The last few months have caused a significant amount of stress for me around an estate matter. I wasn't sure what to expect when I searched for legal assistance since I have never had to use the services of a law firm before. Other Google reviews led me to Solomon Hollett Lawyers where I found Brandon to be very helpful and knowledgeable. Just knowing that he was supporting me in this matter made all the difference and helped to facilitate a positive outcome."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"We are very grateful to Craig for his outstanding work. Craig was highly professional, clear about his role and what he could do for us and he handled our case with an incisive precision. Craig fully and respectfully explained the processes and complexities of the case in a language that made sense to us and he outlined in detail steps that we had to take. What impressed us most was his willingness to understand the complexities of our Church structures and laws and take on board our principles and concerns. We cannot recommend Craig highly enough."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"I highly recommend Solomon Hollett Lawyers and in particular Andrew Bower. I was very anxious about my particular situation and Andrew was extremely helpful and knowledgeable. He put my mind at ease and I was grateful to have him in our corner. He was friendly and approachable and explained everything that was happening each step of the way and was also with us at the hearing which we won. I can’t thank him enough."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"We had a great experience with Brandon from Solomon Hollett. From the first phone call, I could tell that he had a solid grasp of our situation and what we wanted to achieve. He was very helpful and very responsive throughout our dealings with him. He got everything done in a timely way and we're very happy with the result. Definitely recommended! Thanks, Brandon. "
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Craig was very reassuring from the outset, helping our family out of a building jam we found ourselves in. Andrew was also very proficient. With their help, we achieved what we set out to achieve quickly and efficiently. We will certainly contact Craig and Andrew if needed in the future."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"I highly recommend Matt Gunn and Solomon Hollett lawyers. I had a matter with the executor of my uncles estate. It was highly stressful but Matt not only resolved the issues but was very understanding and professional about it. Many thanks."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Brandon Hetherington has been an absolute Godsend for us in a very difficult and stressful estate matter, which the Executor had been mishandling and dragging on for many years before we bought Brandon in to act. Prior to this, his advice and guidance kept us sane. All our enquiries were handled promptly and saved us from many sleepless nights. Without his help we would still be in estate limbo. We can't thank Brandon and Jessica Spee enough for their professionalism, empathy and support. They have got us through and we can now finally move on. Hopefully we never need their services again but I wouldn't trust anyone else with such important matters."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Annabel from Solomon Hollett Lawyers was extremely reliable, helpful and friendly when dealing with myself and my mum regarding our matter. The services provided were professional and timely, and Annabel communicated with us regularly to ensure we were up to date with the progress of our matter. I’d be more than happy to recommend Annabel and Solomon Hollett Lawyers to anyone with estate issues."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
"Jessica Spee was exceptional helping my partner and I navigating the settlement of our first property. She was incredibly knowledgeable, courteous, punctual and made the which seemed like a daunting task enjoyable .
I would highly reccommend Jessica to anyone and everyone"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Discover the Solomon
Hollett difference
Personalised legal solutions
We understand the complexities you’re facing. Your litigation needs are unique and nuanced, so we tailor our legal strategies to align perfectly with your specific circumstances, guiding you with precision and dedication every step of the way.
Comprehensive legal knowledge
Rest assured that you’re in capable and experienced hands. Our extensive expertise across diverse legal arenas ensures that we’re equipped to guide you through the most pressing litigation challenges and opportunities, from commercial law and contract disputes to partnership conflicts and beyond.
Client-centric approach
Your peace of mind matters to us. We prioritise clear communication and steadfast support, focusing on securing outcomes that restore your calm and confidence.
Proven track record
Count on us to stand by you. Renowned for our commitment to excellence and a legacy of success in commercial litigation, we’re here to protect your interests with proven strategies that work.
Accessible and timely legal services
We’re here when you need us. With responsive service and flexible scheduling, we ensure that you receive legal guidance promptly, accommodating your needs and easing your stress during critical times.
Transparent and up-front
We’re upfront about the cost of what we do, so you know what you are committing to. We focus on the proportion of the fees to the value of the matter, making the return on your investment easy to ascertain from the get-go.
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Frequently
asked
questions
Can’t find what you are looking for?
Why is a partnership agreement important to have?
Whether you’re going into a business with your best friend or a relative stranger, for a small side hustle business or a major commercial enterprise, a partnership can be a very useful business structure.
What is essential for every partnership is to have a partnership agreement in place preferable before the partnership is on foot, alternatively, as soon as possible if the partnership is already trading. A good partnership agreement can have an enormous effect on the partners’ business relationship , dividing roles and responsibilities and setting the parameters for how the partnership will function. A significant consideration is having a mechanism to deal with potential disputes and issues arising in the future and for dealing with a partner’s value to the partnership.
How can a lawyer help in drafting a partnership agreement?
A partnership lawyer ensures that the agreement is comprehensive, legally binding, and tailored to the specific needs of the business and its partners. They provide crucial guidance on legal requirements, potential risks, and include necessary clauses for protection and clarity.
What should be included in a partnership agreement?
A robust partnership agreement should include details such as:
- The nature of the business
- Capital contributions and dealing with debt
- Profit and loss distribution
- Partner roles and responsibilities
- Decision-making processes
- Dispute resolution mechanisms
- Procedures for exiting or dissolving the partnership
How are profits and losses distributed in a partnership?
This distribution is typically based on the agreement between partners, often in proportion to their capital contributions or as otherwise agreed and documented in the partnership agreement.
What happens if a partner wants to leave the partnership?
A good partnership agreement will outline the process for a partner’s exit, including notice periods, valuation of the partner’s interest, and how their share of the business will be managed or bought out.
Can a partnership agreement be amended?
Yes, a partnership agreement can be amended with the consent of all partners. Amendments should be documented in writing and reviewed by a lawyer.
How does a partnership dissolve and what are the legal implications?
Dissolution can occur for various reasons, like reaching the end of an agreed period, by mutual consent, or due to bankruptcy. Legal implications include asset distribution, debt settlement, and notifying relevant authorities and stakeholders.
What’s the difference between a partnership and other business structures?
Partnerships differ from corporations and sole proprietorships in terms of liability, tax obligations, and management structures. Unlike corporations, partnerships don’t provide limited liability protection to their owner.
How do partnership agreements handle dispute resolution?
Effective partnership agreements include dispute resolution clauses, outlining processes like mediation or arbitration to resolve conflicts, avoiding costly and time-consuming litigation.
What is succession planning in the context of a partnership?
Succession planning involves preparing for the future transfer of a partner’s stake in the business, ensuring continuity and stability. It includes identifying potential successors and outlining transition processes.