GREGORY ABRAMS DAVIDSON SOLICITORS
For you, for business, for life.
Some entrepreneurs are lucky enough to work with others, perhaps family, friends or ex-colleagues, sharing a common goal in a mutually beneficial arrangement. It might seem like there are many more pressing issues to focus on apart from your agreement with your co-shareholders or partners, but I would not agree.
The idea behind a shareholders’ or partnership agreement is not to have a daily reference of how to run the business. It most often stays filed away, until the unforeseen happens and you find yourself in a dispute with your partners. This is when the contract between the business owners becomes most useful.
If developed with expert advice, your partnership or shareholder agreement can protect you against future conflicts. Agreements should cover issues such as appointing and removing directors, borrowing levels and issuing or transferring shares. Crucially, it should limit a shareholder’s or partner’s ability to compete by using the business’s confidential commercial information after they leave and should cover what happens if a shareholder dies or is incapacitated. In fact, it addresses virtually everything that could cause serious conflict in your business in the long-term.
Jonathan Abrams is a Commercial Lawyer at Gregory Abrams Davidson Solicitors. You can contact him at [email protected] or +44 (0)20 7979 2066.
Liverpool City Centre: 20/24 Mathew Street, Liverpool L2 6RE
Liverpool – Penny Lane: 123 Penny Lane, Liverpool, L18 1DF
London – North West: 746 Finchley Road, Temple Fortune, Golders Green, London, NW11 7TH
Whilst our solicitors are based in one location, we are always happy to try to make an appointment to meet you in any of our office locations, if this is more convenient for you.
© 2025 Gregory Abrams Davidson Solicitors
Gregory Abrams Davidson Solicitors and GAD Commercial are trading names of National Law Partners Limited, registered in England and Wales under number 08312439 and are Authorised and Regulated by the Solicitors Regulation Authority, under number 646548. Gregory Abrams Davidson Solicitors registered office: 20-24 Mathew Street, Liverpool, L2 6RE. VAT Registration Number: 290 6677 68.