We enable you to draft a partnership agreement - either simple or more complex - online at a low and reasonable cost.
The online drafting process is simple – just answer our questions and watch your bespoke document being drafted, then download, sign and use. You can also try out any of our document drafting processes by clicking on the ‘TRY FOR FREE’ button (note that under this option certain parts of the document will be obscured until paid for). If you wish to have the added reassurance of a SOLICITOR REVIEW of your drafted document this service is also available at a small additional fixed fee.
This partnership agreement is in accordance with the Partnership Act 1890 and provides a contractual framework under which the partners should conduct themselves at all times. The agreement includes provisions in relation to the key elements that define a partnership such as management, finances and partner regulation. In addition the agreement offers many optional clauses such as those in relation to health insurance, maternity and adoption leave etc. This document is suitable for small-to-medium sized partnerships. There are no formal rules that apply to partnership agreements other than the simple principles of contract law. In fact, there is no legal requirement to enter into a partnership agreement and it is not proof of the existence of a partnership on its own - a court will look to the substance of the alleged partnership (particularly the reality of the relationship between the partners) to determine whether a partnership exists, not just the form of the agreement or lack thereof. In spite of this, an overwhelming majority of professional partnerships enter into a formal written agreement to ensure clarity and the stability of the arrangment.
Use this document to bring a partnership to an end where either the partnership agreement specifies that the partnership can be dissolved upon the service of notice or where the partnership agreement does not say that it cannot be dissolved by notice and the partnership has been entered into for an undefined time. Once a notice of dissolution has been served it cannot be withdrawn unless all the partners consent.
If you have a legal issue which you cannot address using LawOnline’s services contact WJB for further advice.
If you require legal advice you can book a one hour consultation with WJB for €160 (inc. VAT).