Partnerships, Joint ventures and Shareholders Agreements

A shareholders agreement is an agreement among the shareholders about the directional growth of a business and may include the provisions required for certain shareholder disputes or general disputes.

The shareholder’s agreement will naturally take precedence over the other agreements such as the article association held at the company. Therefore it is essential a shareholders agreement drawn correctly and carefully in as much detail as possible.

Settling Disputes

A well-written document acts as a guide for a procedure on issues and events which may occur in the future. A shareholders agreement should be used to seek to settle disputes between shareholders and directors as quickly as possible and limit problems arising in the future. In essence, it should remove shareholders from being in a deadlock with the company.

Partnerships

Partnerships are used analogously with shareholder agreements with a slight difference. While they may function in a similar; it expresses and manages the expectations of the partners in the partnership.

Joint Ventures

A joint venture is a business arrangement between two parties agreeing to combine their resources for the specific purpose of fulfilling a task. The investment is its entity, separate from the participants’ other business interests, and each participant is responsible for profits, losses, and costs associated with it.

How We Can Help

Stirling Ackroyd Legal has a team of dedicated solicitors who are adept at drafting a shareholders agreement and partnership agreements offering pragmatic advice, an actionable plan to reflect all your wishes and plans for your business or venture. Our panel of lawyers have significant experience in drafting agreements and can help from the beginning of a business or during its growth period.