Partnership disputes are often difficult for all concerned as they signal the breakdown of personal relation between partners. There are often complexities and difficulties in finding a suitable solution, and in dealing with such issues as personal exposure to partnership debts, the distribution of business assets, whether the business can continue in any form, and what happens to the money that the partners have invested into the business.
We have experience in advising our clients on all these different issues. We can advise on how best to realise the assets in the business and how the partnership can be dissolved, if appropriate, so as to minimise any adverse effects on the partners. We also have experience in advising clients as to how they can exit a business and set up a new trading entity. There are many issues to consider in the break up of a partnership, such as the intellectual property belonging to the partnership, which partner can continue to use the business name and how you can best start up another business without incurring liability to your old partnership, and we are well placed to offer practical effective advice on all such issues.
Our team has experience in drafting exit documentation and negotiating the departure of a partner in a business. We can also assist you to best protect the true value of your share in your particular business.
