Business partnerships can create exciting opportunities, but they also involve shared responsibilities, financial commitments and important decisions about ownership and control.

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Whether you're starting a new venture, collaborating on a project or formalising an existing business relationship, a clear partnership agreement can help establish how the relationship will operate and what happens when circumstances change.

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EL Creative Counsel can assist businesses and founders with reviewing, drafting and negotiating agreements that document the commercial expectations between the parties.

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We can help address:

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• Roles and responsibilities

• Contributions and commitments

• Ownership interests

• Intellectual property

• Decision-making

• Financial arrangements

• Revenue and profit sharing

• Confidentiality

• Restrictions and exclusivity

• Dispute resolution

• Exit arrangements

• Termination

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Talk about the difficult questions before they become difficult

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The most important terms in a partnership agreement are often the ones people don't want to talk about at the beginning.

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What happens if one person wants to leave? What if the business changes direction? Who owns the intellectual property? How are major decisions made? What happens if the relationship breaks down?

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Putting those expectations on paper doesn't mean you expect the relationship to fail. It means everyone understands the rules while the relationship is working well.

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We take a practical approach to documenting the commercial arrangement so the agreement supports the opportunity while providing clarity around the risks.

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Starting a business venture or entering a new commercial partnership?

 

Book a call and let's get the foundations right from the beginning.