A Partnership Agreement (sometimes called a Partnership Deed) is a crucial document for all partnerships. Without it, partners cannot be removed and a rogue partner can threaten the partnership with dissolution.
A Partnership Agreement regulates the conduct of the partners, sets out the agreed distribution of profits, the introduction of new partners and what happens in the event of a partner leaving.
You should view a Partnership Agreement as an insurance policy. You hope not to use it, but it will save you time, money and aggravation if you need it.
The team at Aaron & Partners has extensive experience of drawing up Partnership Agreements for GP practices, law firms, accountants, property professionals and firms in various other sectors.