SHAREHOLDER and PARTNERSHIP AGREEMENTS

Shareholder Agreements

If you operate a corporation, all of your shareholders should sign a well-drafted shareholders’ agreement to govern the affairs of the corporation and the relationship between shareholders. Conflicts and disagreements between shareholders commonly impede an otherwise successful business from achieving its goals.

For businesses with more than one shareholder, we at Satinder Dhaliwal Law Corporation strongly advise shareholder agreements be executed prior to the business taking off. A shareholder agreement will set out procedures for:

  • Payment of dividends;
  • Appointment of directors;
  • Buy/sell provisions in case of retirement;
  • Sale of shares;
  • Issuance of new shares; and
  • Classes of shares.

Agreeing on these procedures at the beginning of the business venture will decrease the chances of a shareholder dispute arising later on. At SDLC, we help your corporation and its shareholders avoid common problems by preparing a shareholders’ agreement that governs the relationship between shareholders.

Partnership Agreements

At Satinder Dhaliwal Law Corporation,  we can assist you in setting up your partnership, including drafting the partnership agreement, reviewing partnership documents presented to you, and advising you on partnership disputes.

What is a Partnership Agreement?

A Partnership Agreement is an agreement between the partners on the management of the partnership and it may deal with the following issues:

  • What are the duties and rights of each partner;
  • How the business of the partnership will be conducted;
  • How the partnership will raise capital;
  • What is partnership property; and
  • How can a partner withdraw from the partnership.
What are the advantages of having a Partnership Agreement?

Having a well drafted Partnership Agreement is essential to carrying on business as a partnership. First, it ensures that partners are fully aware of their rights and duties in relation to the partnership, therefore avoiding future disputes. Also, having a Partnership Agreement enables the partners to vary the partners’ rights and duties to something other than those set out in the Partnership Act, which may be advantageous in certain circumstances.

Our team can assist you in setting up your partnership, including drafting the partnership agreement, reviewing partnership documents presented to you, and advising you on partnership disputes. With our experience handling partnership agreements and disputes, our team knows how to provide strategic and effective representation in the interest of your business.

A multidisciplinary legal practice advising a wide range of clients including entrepreneurs, corporations and partnerships, SDLC aims to provide innovative solutions to complex business and legal matters.
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