Partnerships & LLP
One of the most important aspects of any business is ensuring that all contracts – with suppliers, customers, or even landlords – are accurate and contain terms you are comfortable with.
Our expert corporate solicitors can support you through compliance, negotiation, disputes, FOIA and data protection. We can ensure your contract is drafted clearly and unambiguously, covering the unexpected to offer peace of mind. We can provide advice from one-page contracts to multi-million-pound procurements.
The earlier you contact our corporate solicitors, the more we can help with strategic planning and guidance on rules and regulations which may apply, such as:
- Unfair terms between business and consumers
- Anti-competitive agreements
- Credit agreement requirements
- Data protection and freedom of information
- E-commerce and distance selling regulations
At Monarch Solicitors, our corporate solicitors can help ensure you are aware of all the relevant terms of a commercial contract and their consequences. We can review and draft a commercial contract to ensure it does what you want it to do.
Contact our Corporate Solicitors:
If you would like to enquire for any matters regarding commercial contracts please complete our online contact form here or send an email to us at [email protected] and one of our solicitors shall call you back.
Alternatively, please call our corporate solicitors in Manchester on 0161 820 8888 for a no obligation discussion.
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A joint venture can be distinguished from a partnership where a joint venture is usually limited in scope to a single project or is limited in duration to a specific time frame. In addition, although the members of a joint venture will share the burden of costs in the venture, profits will be managed by each member.
Partnerships can be created by contracts, such as this one. But even where no formal contract exists, the courts may find a partnership based on the characteristics of the relationship between the parties. All the relevant terms of the partnership should be expressly included in the partnership contract. If you do not have a partnership contract in writing and the partnership breaks down, then it will be up to the courts to create the terms of the partnership.
Yes, a partner can transfer their interest in the partnership, if the partnership agreement does not restrict the transfer. If a partner incurs debts or becomes bankrupt, then a third party may have a claim against the partner’s interest in the partnership. However, depending on the terms of the partnership agreement, the recipient of a transferred interest may not be given any power to vote or to participate in decision-making.
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