What terms should be included in a shareholder or business partnership agreement?

3 December 2025 | Business Shares & Partnerships |

We can provide practical advice which is tailored to your individual circumstances in line with your overall business strategy.

The following are important areas which should always be covered by your partnership or shareholder agreement:

• How the assets of the business are to be owned
• The financial obligations and entitlements of each party, such as the financial commitment required by each party
• How will decisions about the business be made? Can some decisions be made by majority rule and which require unanimous agreement?
• How to break deadlocks
• What happens to shares in the business after certain events such as critical illness or death?
• Non-compete provisions
• Other exit planning provisions, including whether partners or shareholders can sell their stake at any point and clauses governing pre-emption rights