Monday to Friday:- 8:45am – 5:15pm (Sydney Office)

Getting Advice on a business partnership

If you are conducting business with other people with a view to make an income you automatically fall under the business partnership legislation. Whether you document your business partnership or not the law still applies. The Partnership Act 1892 (NSW) is the relevant legislation that governs business partnerships in New South Wales. It is important to get advice and ensure that you are not forming a joint venture arrangement and you understand your legal rights and obligations.

There are many benefits of documenting business partnerships as it can clarify much of the arrangement before anything is ever disputed.

Fundamentally a business partnership is formed when two or more parties enter into a business together to make a profit.

The right business partnership advice will consider your unique circumstances and ensure that the terms are clearly drafted. Whether it is a 50 50 business partnership or a different split, it all needs to be properly documented.

Our experienced team of lawyers has a deep understanding of the issues faced by business owners, and we take pride in offering high-quality legal services that help our clients achieve their goals. Whether you’re a small start-up or a larger enterprise, our team has the knowledge and expertise to provide you with the guidance you need to start your business venture off on the right foot.

Drafting Business Partnership Agreements

Business partnerships can be a good way for parties to combine resources and skill and join together for business growth and success. However, partnerships can also become complex and challenging to manage, particularly when challenges are faced in the business and the enthusiasm wanes.

Our team of legal experts can provide you with the advice and support you need to navigate the legal landscape of business partnerships. We offer a range of services, including partnership formation, partnership agreements, and dissolution of partnerships.

A comprehensive business partnership agreement should consider:

  • Dissolution of the partnership – Buy/Sell agreements
  • Death, Illness or Capacity of a Partner
  • Insurance for TPD or Life Insurance
  • Profit and loss sharing
  • Intellectual property considerations
  • Relationship or Marriage breakdowns for husband/wife/spouse partnerships
  • Dispute Resolution
  • Notable contributions from each party

We understand that every partnership is unique, and we work closely with our clients to provide customized solutions tailored to their specific needs. Whether you’re starting a new partnership or looking to dissolve an existing one, we have the expertise and knowledge to help you achieve your goals.

Often a business partnership template will not be sufficient to cover you in the event of a dispute. Each enterprise is different and each party will be making different contributions. It is important for the success of the business that all parties understand their rights and responsibilities.

Resolving Business Partnership Disputes

When a business partnership dispute does arise, it can be quite disruptive to the business and quickly have dire financial consequences for each party in the partnership.

Our business partnership dispute lawyers have helped many clients resolve their disputes. Either parties may look to terminate a partnership or obtain advice on a particular issue.

Read more here about our business partnership disputes legal service.

Our team of legal experts has extensive experience in resolving commercial disputes through negotiation, mediation, and arbitration.

Each dispute is unique, and we can quickly advise clients on what their legal options are and work to provide the most effective solution to quickly resolve the dispute. We can advise you of the legal obligations and rights that you have and the risks associated with different courses of action.

We believe that effective dispute resolution requires a deep understanding of the issues at stake and a commitment to finding practical and workable solutions.

We provide solution-focused legal advice to resolving disputes to help our clients achieve the best outcome goals whilst minimizing the costs and risks associated with litigation and disputes.

Providing clients with the best possible service and advice.

Looking for a Lawyer or Law Firm in Sydney?

You want to know that you are getting advice and real solutions. You not only want a lawyer who has strong experience and knowledge in legal matters, but a lawyer who can also navigate you through the commercial realities.

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Office Hours: Monday to Friday: 8:45am – 5:15pm
(We can accommodate appointments out of these hours if required.)

We provide our legal services across Sydney and surrounds, from Surry Hills to Hunters Hill. Whether you need our expertise in North Sydney, Abbotsford, Burwood, Greenwich, Hunters Hills, Cremorne, Chiswick, Bellevue Hill, Balmain or beyond, our convenient location allows us to serve locals in these suburbs and many more.

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