Leaving Partnerships

Leaving a partnership can be a stressful and difficult process – we can guide you through it.

The routes to leaving a partnership (and the consequences of doing so) depend on the type of partnership you are in and the terms of any written agreement that is in place between the partners.

There are significant risks to consider when talking about general or limited partnerships because if a partner simply walks away it could have unforeseen consequences, such as a dissolution of the partnership. There are also likely to be important financial consequences of leaving a partnership, such as the need to value a departing partner’s share of the business.

Whether you are the partner who is leaving or one of the continuing partners who wishes to carry on with the partnership’s business with the minimum amount of disruption, one thing is vital. You need to get the right advice at the right time, usually before you decide to act.

We are experts in partnerships and the rules that regulate them. We have the experience to advise you on the process of exiting a partnership to help you to achieve the right outcome.

Our team is made up of specialist commercial litigators, consistently highly ranked in both the Legal 500 and Chambers directories, and who have the expertise to advise on all kinds of partnership. We act for a variety of clients from private individuals to large PLCs.