Family partnership agreement

United Kingdom

Updated: Apr 01, 2021

25 clauses


Zermina Siraj Ul Haq

Verified user

Zermina Siraj Ul Haq

Halcyon & Partners LLP

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Key description

  • Ideal for family businesses or groups of friends working together, this document provides a good framework for setting out how the business will be run. It is slightly less formal than our standard agreement, but still includes the provisions small businesses need.

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Categories

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Covered clauses

General

  • Definition

  • Interpretation

  • Business of The Partnership

  • Partnership Shares

  • Partnership Property

  • Capital

  • Profits And Losses

  • Drawings

  • Loans of The Partnership

  • Banking Arrangements

  • Records And Accounts

  • Meetings And Voting

  • Holidays

  • Absence

  • Cars

  • Insurance

  • Good Faith

  • Partnership Policies

  • Restrictions on Partners

  • Continuation of Partnership

  • Expulsion

  • Termination of The Partnership

  • After Termination

  • Counterparts

  • Miscellaneous Matters


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