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Partnerships and Shareholder Agreements

There are 8 items in this category

Get a good contract in place for successful business deals Shareholder Agreements and Partnership Agreements are for setting up your business.

When forming a Limited Company, a Shareholder's Agreement is recommended.

When forming a Partnership, you will need a Partnership Agreement.

Please scroll down to view the range of documents including our Co-Ownership Agreements.

If you're setting up a Limited Liability Partnership, use our Limited Liability Partnership Agreement.

If your business is teaming up with another company, take a look through the Joint Ventures section.

Confidentiality is usually a pre-requisite of any collaboration so we also recommend you look at the Non-Disclosure and Confidentiality contract templates.

Heads of Agreement (New Company) (A108)

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.

£33.00+VAT

Limited Liability Partnership Agreement (A152)

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.

£47.00+VAT

Partnership Agreement (2 partners) (A148)

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.

For Guidance and info on using Partnership Agreements see our blog article.

£48.00+VAT

Partnership Agreement (3 partners) (A149)

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.

For Guidance and info on using Partnership Agreements see our blog article.

£49.00+VAT

Shareholders Agreement - Three or More Parties (A166)

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.

£47.00+VAT

Shareholders Agreement Template - Two Parties (A107)

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 shareholder
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.

£48.00+VAT

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