Although they are not required by law, partnership agreements are a particular means of helping any business develop in an atmosphere of greater certainty and trust. Without one, you may be subject to outmoded legislation which does not reflect or suit modern business practices.

For example, you may want to set down certain procedures and decision making processes and rules as to what each partner is entitled to do, which may avoid misunderstandings or disputes. Mullis and Peake LLP can advise and draft an appropriate partnership agreement and fully explain what is required of each party.