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23 March 2010

Company & Partnership Agreements & Deeds

When first setting up your partnership, company or trust there may be a requirement to draw up and sign an agreement or deed. These agreements can regulate the arrangements between partners, share holders or trustees in a legally binding document.

Details that are generally included in these agreements are:

  • a statement of intent for going into business or partnership
  • terms and definitions
  • objectives and aims
  • financial arrangements
  • distribution of shares or income
  • appointment & cessation of shareholders or trustees
  • exit strategies
  • confidentiality clauses

Having a written policy can clarify standards, outline strategies and reduce the risk of interpretation by various partners, share holders or trustees. These deeds or agreements can also be referred to if problems arise in the future.

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