Legal documents for business

Partnerships and Shareholder Agreements

If you are setting up a new business, or already in business with other people, you will need to regulate the arrangements between shareholders or partners using Partnerships and Shareholder Agreements. We have a number of partnership agreement templates that can be of help here. When forming a Limited Company, a Shareholder's Agreement is recommended. When forming a Partnership, you will need a Partnership Agreement and, if you're setting up a Limited Liability Partnership, you would use a Limited Liability Partnership Agreement.

If your business is teaming up with another, for example to form a joint venture or to bid for work together, please follow the Collaborating with Other Companies link.

Confidentiality is usually a pre-requisite of any collaboration and you see our collection in the link below.

A206	Agreement for Joint Ownership of a Boat	£45.00 + VAT
This Agreement is for joint owners of a boat who use it for leisure, and are already the owners, or who intend to purchase one together to form a new syndicate. It deals with the terms of ownership and how the boat is to be operated. This agreement is not suitable for a boat used for commercial purposes.
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Z145	Checklist for a Joint Venture - Free Document	£0.00 + VAT
Checklist for a Joint Venture
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Z142	Checklist for Contents of Shareholders' Agreement - Free Document	£0.00 + VAT
Checklist for Contents of Shareholders' Agreement, comprising: Notes on the contents of a Shareholders Agreement and some of the issues to be considered plus a Worksheet for setting out details to be included in your Agreement.
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A193	Deed of Adherence	£15.00 + VAT
This Deed of Adherence is a short document for use where an individual becomes a shareholder in a company. The deed is required to become a party to a shareholders' agreement, entered into before he can obtain his shares.
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A108	Heads of Agreement Template	£33.00 + VAT
This is a three party agreement, suitable for three individuals proposing to set up a new company in which each of them will be a shareholder and a director. This is a 4 page document with 14 clauses covering • objectives • company formation • initial capital • additional capital • profits policy • directors • management of business • matters requiring unanimity • bankers • accountants • deadlock • good faith and non-competition • preparation of a formal shareholders’ agreement • governing law and disputes You need this document if you’re looking to ensure clarity and safeguard the interests of shareholders. Also see our Checklist for Shareholders Agreement. For a two party shareholders’ agreement template, see Document A107.
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B148	Joint Venture Agreement	£48.00 + VAT
This is a Joint Venture Agreement for two parties and it contemplates that they will collaborate with each other on a number of projects. The Agreement is suitable for a joint venture between two firms in the construction industry who want to bid for a series of contracts together. It is assumed that both parties are limited companies. The agreement is comprehensive and contains 24 clauses dealing, among other things, with the management of the Joint Venture, decision making processes, funding and the liabilities and duties of the joint venture partners.
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A188	Joint Venture Agreement	£48.50 + VAT
This is a Joint Venture Agreement for two parties and it contemplates that they will collaborate with each other on a number of projects. It is assumed that both parties are limited companies. The agreement is comprehensive and contains 24 clauses dealing, among other things, with the management of the Joint Venture, decision making processes, funding and the liabilities and duties of the joint venture partners.
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Z147	Limited Liability Partnership - Introductory Notes - Free Document	£0.00 + VAT
This document provides detailed notes on the legal entity of Limited Liability Partnership (LLP) established in the UK by the Limited Liability Partnerships Act 2000.
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A152	Limited Liability Partnership Agreement	£50.00 + VAT
This LLP Agreement is suitable for three (or more) individuals who wish to form a limited liability partnership in accordance with English law. This thirteen page document contains 25 clauses covering • definitions and interpretations • establishment of LLP • business of LLP • capital • profits and losses • drawings and expenses • conduct of LLP business • good faith and indemnity • LLP bank • accounts • holidays • insurance • termination • expulsion • consequences of death, retirement or expulsion • share of former member • dissolution • restriction of former member • confidentiality • notices • disputes and governing law • third party rights • the scope of the agreement • severability • waiver You need this contract if you want to establish a three-person or more limited liability partnership, and want to set out your relationship to the other parties, your mutual obligations, and the rules governing the conduct of your partnership.
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A148	Partnership Agreement (2 partners)	£48.00 + VAT
This partnership agreement is suitable either for the establishment of a new partnership or for formalising an existing partnership. It deals with partnership capital, profits and losses, drawings by partners, conduct of partnership business and decision-making including provisions relating to deadlock. This eleven page document contains 21 clauses covering • definitions and interpretations • establishment of partnership • principal office and property • capital • profits and losses • drawings • partnership loans • conduct of partnership business • good faith • restriction on partners • partnership bank • accounts • holidays • insurance • termination, retirement and death • post termination provisions • notices • disputes, deadlock and governing law • the scope of the agreement • severability • waiver You need this contract if you want to establish a two-person partnership, or formalize an existing partnership, and want to set out your relationship to the other parties, your mutual obligations, and the rules governing the conduct of your partnership.
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A149	Partnership Agreement (3 partners)	£50.00 + VAT
The Agreement is suitable either for the establishment of a new partnership or for formalising an existing partnership of three partners. It deals with partnership capital, profits and losses, drawings by partners, conduct of partnership business and decision-making. This fourteen page document contains 24 clauses covering • definitions and interpretations • establishment of partnership • principal office and property • capital • profits and losses • drawings • partnership loans • conduct of partnership business • good faith • restriction on partners • partnership bank • accounts • holidays • insurance • termination, retirement and death • consequences of retirement, expulsion or death • former partner’s share • dissolution • restriction of former partner • notices • disputes and governing law • scope of the agreement • severability • waiver You need this contract if you want to establish a three-person partnership, or formalize an existing partnership, and want to set out your relationship to the other parties, your mutual obligations, and the rules governing the conduct of your partnership.
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Z154	Running Your Own Limited Company - Free Document	£0.00 + VAT
Running your own Limited Company
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A166	Shareholders Agreement - Three or More Parties	£50.00 + VAT
This shareholders agreement is for use by three or more individuals as shareholders in a limited company. This twelve page document contains 19 clauses covering • interpretation • business and name of the company • capital • profits policy • directors, chairman and secretary • meetings • conduct of the business of the company • bank accounts • accounting information • matters requiring the consent of all shareholders • shares • exercise of voting rights • non-competition, restrictions and confidentiality • transfers of shares • default • deadlock procedure • notices • governing law and resolution of disputes • general clauses addressing the scope of the agreement, assignment, waiver, ambiguity and partnership This Shareholder Agreement can be used both for setting up a new company and for a company that already exists. Alternative wording is provided for each situation. The contract is for use in England and Wales, and is governed by English law.
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A107	Shareholders Agreement Template - Two Parties	£48.00 + VAT
This shareholders' agreement is suitable for two individuals who set up a limited company to run a new business in which each of them will have 50% of the shares. This is an eight page document with 18 clauses covering • interpretation • the nature of the company's business • capital • profits policy • the company’s directors, chairman and secretary • meetings • day to day conduct • the company’s bank account • accountants and registered office • matters requiring the consent of both shareholders • shares • exercise of voting rights • non-competition • default • deadlock procedure • death of a shareholders • a miscellaneous clause addressing partnership, assignment, notices, waiver, ambiguity and governing law. This agreement is useful as a basic document to ensure clarity and safeguard the interests of shareholders. Also see our Checklist for Shareholders Agreement. For a three party form of this shareholders’ agreement, see Document A166.
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A176SA	South African Shareholders Agreement	£50.00 + VAT
For use by individuals and/or companies that are shareholders in a limited company. This comprehensive agreement, governed by South African law, containing 24 separate clauses, sets out the shareholdings and responsibilities of each shareholder, the financing of the company, meetings and voting rights of directors and shareholders, matters requiring a specified majority vote, transfers of shares including pre-emption rights, restraint of trade and what happens if there is a dispute among the shareholders. While designed for use in South Africa most of this Agreement can be used in other countries.
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A205	Syndicate Agreement for Ownership of a Glider	£45.00 + VAT
This Agreement is designed for use by the joint owners of a glider or sailplane, who are already the owners or who intend to purchase one together to form a new syndicate.  It deals with the terms of ownership and how the aircraft is to be operated.  This agreement is for a situation when the glider is used for leisure, not for commercial purposes.
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