Partnerships involve arrangements between persons to do business with one another often to take advantage of complementing characteristics. The benefits of partnership involve the sharing of profits but also includes liabilities and debts.
Partnerships frequently involve two or more parties. The legal rights and remedies of the members of the partnership are typically governed by a partnership agreement and the Partnership Act 1892 (NSW).
Clarity in the documentation is vital to ensure that partnership disputes do not lead to costly litigation.
As a partner in a business, you may find yourself in a business dispute that you cannot resolve alone. It is important you seek legal advice to ensure the dispute is resolved as quickly as possible, before it leads to formal legal action which can be expensive and time consuming.
Streeterlaw Sydney’s dispute resolution lawyers can help you find solutions quickly, ensuring you can refocus your time, energy and money on your business.
Please contact our office now to obtain advice on what is appropriate in your circumstances. Call 8197 0105 or email firstname.lastname@example.org.