Partnership Agreements with our legal team

Some key things to think about are:

• What is the purpose of the partnership?
• What are the rights, responsibilities and obligations of the partners?
• How are profits and losses divided between the partners?
• How are decisions made?
• What happens when a partner wants to leave the business?

Putting together a Partnership Agreement can seem daunting, as it can be difficult to work out which matters to include and how to cover the key risks. It’s a good idea to invest in a lawyer to help with this process, as it can save you from disputes and liability in the long run.

Limited liability partnerships allow two or more partners to work together without the burden of complete responsibility for any other partner’s actions. In other words, some partners can benefit from limited liability, meaning they won’t be personally responsible for the business’ debts.

We have a range of fixed fee Partnership Agreement packages, starting from $900 + GST. These include a Partnership Agreement drafted to meet your business’ needs, phone consultations with a Sprintlaw lawyer, and a complimentary amendment to the draft we provide you.

Your work is done by our Australian-qualified lawyers, who hold Australian practising certificates and specialise in business law. None of them are New Zealand lawyers or hold a New Zealand practising certificate.

Sprintlaw NZ Limited is a legal consultancy, not a law firm, and is not regulated by the New Zealand Law Society. We don't act in court or tribunal matters, conveyancing (including leases and business sales) or other reserved areas of work. Communications with Sprintlaw are unlikely to be protected by legal professional privilege. We still keep everything confidential under our engagement letter.