Individuals entering into, renegotiating, or departing from a partnership agreement can benefit from the assistance of an experienced Outten & Golden attorney who has expertise in the issues unique to their industry.
Partnership agreements are used in a variety of businesses. The members of professional businesses such as law firms, accounting firms, and physicians’ practices often enter into partnership agreements. Such agreements also arise in many financial services industry contexts, such as when a private equity firm grants employees partnerships in a fund it sets up and manages. Each of these contexts raises special considerations and issues. For example, law firm partnerships typically contain many unique features, including the applicability of rules of professional responsibility; in private equity firms, the agreements governing partnerships typically involve complicated structures and governance rules. Outten & Golden attorneys have experience with partnership agreements in all of these industries.