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Partnerships

Many businesses trade as partnerships: some are sophisticated professional partnerships or investment vehicles; others almost do so without knowing it. 

Whatever the situation, it's best that the basis of your partnership and the rules that apply between partners are understood, leaving you free to concentrate on the management and growth of your business.  We have wide experience in advising on partnership arrangements in the context of both trading partnerships and investment vehicles and can advise on their formation, ongoing operation and, inevitably from time to time, on disputes between partners.

Clear advice

Our lawyers handle dozens of such matters every year and will aim at all times to give you intelligent, clear advice based on their knowledge of the law and on that experience. They understand the need for balance in all commercial relationships, particularly important in a relationship like a partnership, where mutual trust among partners is key.

More about our service

We understand what goes right and what goes wrong in business relationships and are able therefore to assist you in quickly concluding appropriate partnership arrangements.  We're used to specific uses of partnership, be that for traditional trading businesses and professional partnerships or investment vehicles, including Scottish vehicles in investment funds, renewable energy projects or specialist joint ventures and single purpose vehicles. That experience allows us to assist you in developing and documenting your structure to let you concentrate on the operation of the business. When partnership relationships break down we can assist with independent, rational advice which preserves rather than destroys businesses.

Our approach to fees

We're able to provide fixed fee quotes for most types of partnership work, particularly the establishment of partnerships, be they straightforward partnership agreements for trading businesses or arrangements for sophisticated investment vehicles. Where we're not able to provide a fixed fee quote, for example in the case of a partnership dispute, we'll provide a firm indication of what the fees are likely to be and keep you informed of costs against that budget as a matter progresses. We use our experience in this area to bring you maximum cost certainty.