Business Partnership Agreements

Whether you're just starting out in your partnership or you've been up and running for years, we can help you to create, review and amend a business partnership agreement.

Vector Bespoke agreements
Vector Reviewing existing agreements
Vector Changing agreements
Check Dissolving partnerships

What does a Partnership Agreement include?

A partnership agreement should include the following:

  • The roles and responsibilities of each partner
  • How profits and losses will be divided
  • Allocation of authority to make decisions or sign contracts
  • Approval or veto rights for major business decisions
  • Rights of first refusal on new business opportunities
  • Outline of dispute resolution processes
  • Definitions of what constitutes a dissolution of the partnership

Depending on your needs and particular situation, there may be other items that need to be included in your agreement as well.

What if you don't have a Partnership Agreement?

If you don’t have a partnership agreement in place, then the default laws will apply.

This means that each partner will have equal rights to make decisions and could be personally liable for any debts or obligations incurred by the business. Without a written agreement, it also becomes much more difficult to resolve disputes between partners.

Having a written partnership agreement is essential for any business partnership. A good agreement will protect the interests of each partner and ensure that everyone knows their rights and responsibilities. It can also help prevent disputes from arising and make it easier to resolve them should they occur.

Can you change a partnership agreement?

Yes, a partnership agreement can be changed or altered. It is important to review the agreement regularly and make sure that it reflects the current needs of the business.

In addition, any changes to the agreement must be agreed upon by all partners and should be documented in writing. This ensures that everyone is aware of any changes and prevents misunderstandings from arising.
It is also important to update the partnership agreement if there are any major changes in the business such as a change of ownership or addition of new partners.

Having an up-to-date and comprehensive partnership agreement in place is essential for any business partnership. It helps to protect the interests of each partner, ensure that everyone is on the same page, and can help to avoid disputes from arising.

We can help you with:

Clearly detailing how profits and losses should be distributed  Outlining rights and responsibilities Terms regarding dispute resolution procedures, termination of the agreement and indemnification clauses
Legally binding partnership agreements that meet your needs and provide protection for all parties involved Structuring small business partnerships Considerations of legal issues such as taxation, liability issues, and intellectual property rights

Why Neathouse Partners?

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Renowned expertise

Our team comprises of industry leaders and specialists dedicated to staying ahead of the curve in the latest Employment Law, Health & Safety and HR developments.

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Services tailored to you

A fully bespoke 1-2-1 client-adviser model, offering a dedicated, fully qualified and experienced advisor to each client, who can handle all documentation and queries on their behalf.

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Fixed fees

We base our prices on fixed monthly retainers, so you and your business receive an unlimited service without unexpected bills. This helps you to budget for your HR and Employment Law spend.

What our clients say about us

As a company, we have used Neathouse for a number of years. The service throughout has been exceptional. All matters are dealt with in a prompt and efficient manner. James and Gwyn are always on hand to deal with any issues and have provided detailed employment contracts, staff handbooks and advised on complex matters. I would highly recommend Neathouse as a trusted HR partner.

Amanda Chalmers Executive Assistant Stretton Capital
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A great service - fast, professional and friendly with accurate information on all things HR.
Full outsourced HR service is provided giving us peace of mind that we remain compliant

Steve Griffith Business Manager St Gerard's School Trust
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“Having used the services of Neathouse Partners for many years, I’m confident to say that their employment law advice is commercial and focused on the answer rather than the journey! I have recommended the team to many other businesses and have never heard a bad word said.”

Scott Young Director - Corporate Services RedEye

The experts on hand have been exceptional, their service is excellent and such value for money. If you are considering outsourcing your HR then I recommend you do.

Courtney Nangle Charity Manager Sue Young Cancer Support in Leicestershire and Rutland
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Frequently asked questions about Neathouse Partners.

What geographical areas does Neathouse Partners cover?

We offer services to all businesses and organisations located in England, Wales and Scotland.

Does Neathouse Partners cover my industry?

We provide HR and employment law services across a range of industries, including:

  • Health and social care 
  • Retail
  • Hospitality and leisure
  • Charities
  • Construction
  • Engineering and manufacturing
  • Commercial cleaning
  • Healthcare

Visit our industries page for more information on the sectors we cover. If you can't find what you're looking for, get in touch and we'll let you know if we can cover your industry.

What makes Neathouse Partners different from other service providers?

We pride ourselves on our professional yet personal service, and build close working relationships with our clients so that we remain accountable for the advice we give. We provide personalised solutions to our clients, tailoring them to their unique business challenges while making them compliant with UK employment law and HR best practices. 

As a business owner, you need to focus on what’s really important to your business, with the peace of mind that we're looking after your HR requirements. We draft, edit and prepare your documents on your behalf, so that you can focus on your business knowing you’re fully compliant. 

We're a small collective of specialist qualified employment lawyers and HR experts, delivering an outcome-focused end-to-end service that helps you to operate at your best and comply with both UK law and HR best practices. 

You’ll be given your own personal HR Consultant or Employment Lawyer, who'll take their time to really get to know you, your business, and how you operate. This enables us to support what’s right for your business, whenever you need it. Our unique offering of lawyer-led employment law services, combined with expert HR advice, means that we can provide a seamless and consistent service to our clients. Unlike other companies offering HR solutions, our services always come at a fixed cost, enabling you to easily budget for your HR requirements, with no financial surprises later down the line. There’s no usage limits and no hidden extras. You can rest assured that all of your HR and employment law requirements are covered.

Which sizes of companies does Neathouse Partners help?

Neathouse Partners caters to a diverse clientele, accommodating the needs of everyone from small businesses with a single employee to large-scale organisations with 7,000 or more employees.

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