Setting the rules to protect your company

Partner agreement is the instrument with which the organisation rules of a company can be established in the economic and decision-making fields, with the goal of protecting the firm from situations of conflicts and crisis.
The following means are followed by the elaboration and signing of a partner agreement: a) to confirm that each of the partners understands the obligations that they have when starting a new business, and b) establishing operating rules that will prevent many problems in the future, or, if not, will regulate the way of solving the possible conflicts that may arise.

A partners agreement can help prevent or solve the possible debates and differences of opinion that can come up between the partners due to the fact that the modus operandi for a large portion of cases is pre-established, like:

• Deadlock situations originated by a conflict of partners.
• Sale of assets without consent from the partners.
• Recruitment of parties related to the administrators without consent from the partners.
• Information to the partners.
• Contribution of the necessary funds for the continuity of the company.
• Sharing of dividends.
• Dissolution of marriages of partners, to avoid former spouses being partners of the company.
• Death and incapacitation to avoid the property being passed on to third parties unrelated to the company.
• Diversion of the client portfolio to other companies by administrations.
• Transmission of social property shares to competitors.