One of the most important types of clauses found in most employment agreements utilised by Australian businesses are restraint of trade clauses.
Our business lawyers will help you understand what you can get out of a partnership so it positively impacts your business.
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Business Partnerships - Why you need a business lawyer
Providing advice on partnerships
Partnerships are constituted by two or more individuals who wish to conduct a business together. Many people do not consider the responsibilities inherent in a partnership. A lawyer can discuss your individual situation with you and help you understand what you can get out of a partnership so it positively impacts your business.
Drafting partnership agreements
Partnerships are documented in partnership agreements and can be general or limited in nature. If you are considering a business partner or expanding your current partnership base, it is best to have the tough conversations first and ensure proper documentation is in place before expanding your business. We can help you draft a suitable partnership agreement so you get the outcome you desire from the agreement.
Navigating and resolving partnership disputes
Disputes can often arise regarding the operation of the partnership, in particular how much income or loss is to be distributed and how the business will be controlled. A lawyer can work with you to resolve any disputes that arise, with or without valid partnership agreements, so you can work alongside your partners and work through the finer details of your business agreement.
Informing you on possible risks
There is a degree of risk in being a party to a partnership as the actions of your partners can bind you to the payment of debts and expose you directly to liability. A lawyer will explain all of the possible risks associated with entering into a partnership agreement so you are well informed to make educated decisions moving forward with the agreement.
Frequently asked questions
- How partnership disputes are to be determined;
- How proceeds and profits are to be divided; and
- How any business debts or shortfalls are to be paid.
Why choose us
We will tell you the truth at all times
We will be honest with you about your prospects of success, issues that arise or the commercial viability of your matter. The first time you come to see us, we will tell you whether you even need a lawyer.
We will respect you and your situation
Our job is not to judge anything you may have done. Our job is to guide your matter and actions moving forward to give you the best possible outcome for you, both legally and personally.
We will listen and understand your needs
We will hear not just what you want to achieve, but why you want to achieve it. We will tell you what you need to do to achieve the outcome you are after, legally, practically and emotionally.
We will stand by you all the way
Your matter doesn’t finish once a court order has been made. We will stay on your matter right up until all of the outstanding issues have been dealt with and the court orders are complied with.
Trusted by thousands of clients
I needed a business lawyer I could trust. And I trusted Forge completely.
In our most stressful times Forge’s business lawyers guided us through.
I was surprised by Forge’s complete service. They were so much more than just great business lawyers.
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