Business contracts reviewed and concluded
We review and draft a great number of business contracts. We are often acting in “David and Goliath” situations when representing our SME clients to provide the support needed. Clients grow to regard us as their in-house team. We set out below some of the recent cases we have worked on.
Issues on which clients recently sought our advice relating to a business contracts, include:
Joint venture business contract
We considered the shareholding structure for the joint venture arrangement. Importantly how, at the end of the business contract, the joint venture would unravel. These issues had tax implications. In addition, we reviewed the service level agreements.
We ensured the investment of the founder shareholder was protected as the business grew and generated value. On a future exit, the joining shareholders would only receive a share of the capital or sale proceeds based on the growth in the value of the business from the point they became shareholders. The founder shareholder was solely entitled to the capital return on all the growth before the new shareholders’ came on-board.
LLP partnership contract
We drafted an LLP partnership contract to regulate the partners’ dealings with each other and the division of profits, losses and capital. In this specialist area rights and liabilities are created by statue and common law. We explained each partners potential obligations, liabilities and exit route.
Management buy out contract
We provided for the owner of a business to pass his shares to the next generation.
Commercial support attuned to business requirements on hand when needed. A very good service and their advice is value for money.