Partnership Agreement Solicitors
Corporate
- Partnerships: Whether new or existing partnerships, we ensure all partners are on the same page. Reduce potential conflicts and clarify responsibilities.
Entering a business partnership without a written agreement is one of the most avoidable commercial risks a business owner can take. At Gurve Legal, our partnership agreement solicitors work with businesses, entrepreneurs, and professional services firms across London and the UK to draft, review, and update partnership agreements that protect every party from day one. Whether you are forming a new partnership, restructuring an existing arrangement, or preparing for a partner’s exit, we provide clear, commercially focused advice that keeps your business moving.
Without a formal agreement in place, your partnership is governed by the Partnership Act 1890 — legislation that is poorly suited to modern business. Gurve Legal helps you replace those outdated default rules with terms that actually reflect how your partnership operates. Unusually, we advise both incoming and outgoing partners, as well as the partnership itself, giving us a genuinely rounded view of where agreements are most likely to succeed or fail.
Our Partnership Agreement Services
Drafting a New Partnership Agreement
A well-drafted partnership agreement covers everything from profit-sharing and capital contributions to decision-making authority and dispute resolution. Our solicitors take the time to understand your business model and your partners’ expectations before a single clause is written, so the final document reflects the reality of how you intend to operate.
- Profit and loss allocation
- Capital contributions and withdrawal rights
- Voting rights and management responsibilities
- Admission of new partners
- Retirement, death, and expulsion provisions
- Confidentiality and non-compete obligations
LLP Agreement Drafting and Advice
A limited liability partnership offers reduced personal liability compared to a traditional partnership, but only if it is properly structured. We draft bespoke LLP agreements for professional services firms, investment businesses, and commercial enterprises, and advise members on the implications of the Limited Liability Partnership Act 2000 where no agreement is in place.
- Members’ agreements tailored to your LLP structure
- Profit-sharing and designated member responsibilities
- Admission and removal of members
- Interaction with your LLP’s statutory obligations
Reviewing and Updating Existing Agreements
Partnership agreements should be reviewed regularly, particularly after significant changes in the business. We review existing agreements to identify gaps, outdated provisions, and areas of potential dispute. If your current agreement no longer reflects your partnership’s commercial reality, we can redraft or amend it without disrupting your operations.
Our commercial contracts team regularly works alongside this process to ensure any wider commercial arrangements remain consistent with your updated partnership terms.
Partner Admissions and Exits
Bringing a new partner into an existing business, or managing a departing partner’s exit, requires careful legal handling. We advise on the terms of admission and retirement, negotiate fair exit arrangements, and ensure departing partners’ liabilities are correctly documented to protect all sides.
If your partnership involves a business restructuring — for example, converting to a limited company or LLP — our corporate restructuring team can advise on the most appropriate structure going forward.
Partnership Disputes and Pre-Dispute Advice
Disputes between partners are among the most disruptive events a business can face. Our solicitors advise at the pre-dispute stage to help partners resolve disagreements before they escalate, and support clients through formal dispute resolution where necessary. For matters that require litigation, our dispute resolution team is on hand to act.
- Mediation and negotiation support
- Advice on dissolution and winding up
- Protection of individual partner rights
- Breach of partnership agreement claims
Sector-Specific Partnership Agreements
We draft partnership agreements for businesses across a range of sectors, including healthcare, retail, technology, and professional services. Partnerships in regulated sectors often have additional requirements that a generic agreement will not address. Our healthcare team regularly advises GP practices, dental practices, and other healthcare businesses on partnership structures specific to their sector.
Why Choose Gurve Legal
We Advise All Sides Most firms will only act for one party in a partnership matter. Gurve Legal advises partners, partnerships, incoming members, and departing partners. That breadth of experience means we understand where agreements break down and how to draft provisions that genuinely protect every stakeholder.
Commercial, Not Just Legal Our advice is focused on commercial outcomes, not legal process. We ask the right questions about your business before we draft anything, and we translate complex legal obligations into plain English so you know exactly what you are signing.
Responsive and Accessible Partnership matters rarely wait. Our solicitors are accessible, direct, and focused on moving matters forward without unnecessary delay. You will deal with experienced lawyers, not junior staff, throughout your matter.
Transparent on Costs We provide clear cost estimates before we begin any work. Where fixed fees are appropriate — such as reviewing an agreement for a partner joining a firm — we will offer them.
Get in Touch
Protecting your business partnership starts with the right legal foundations. Our partnership agreement solicitors are ready to advise you.
Call us: +44 207 566 1188 Email: info@gurvelegal.com
Gurve Legal is a London commercial law firm advising businesses, professionals, and investors on partnership law and a full range of commercial legal matters.