Corporate

Partnership and LLP Agreements

Starting a partnership of LLP? Make sure the foundations are right.

Forming a partnership or limited liability partnership (LLP) is a significant step for any business. The legal framework you put in place at the beginning shapes how the partnership operates, how decisions are made and how issues are resolved throughout its life.

What does a partnership or LLP agreement actually do?

A well crafted agreement sets out how profits are shared, how responsibilities are divided and what happens if a dispute arises or a partner wants to leave. Without clear terms, misunderstandings can quickly escalate and expose the business to unnecessary risk.

How we help you build clarity and stability

We support businesses at all stages of their partnership journey — whether you’re creating a new agreement or updating one that no longer reflects how your partnership works. Our advice ensures your documentation is legally robust, commercially practical, and aligned with your long‑term goals.

Our work typically covers:

  • Roles, responsibilities, and decision making processes
  • Profit sharing and financial arrangements
  • Admission or exit of partners
  • Dispute resolution mechanisms
  • Retirement, incapacity or removal provisions

Designed around your business – not a template

Every partnership operates differently. Whether you’re a professional services firm, consultancy, or early stage start‑up, we tailor your agreement to reflect how you actually work, support future growth and comply with all legal requirements.

Key Contacts:

Get in touch

Get in touch to see how we can advise you today
info@chadlaw.co.uk
01924 234250

Get in touch