Partnership Agreement in Taree

Taree Partnership Agreement

A handshake might begin a business—but a written partnership agreement keeps it on track. At Adamson Legal & Conveyancing in Taree, we help business partners formalise their roles, responsibilities and expectations from day one. A strong agreement helps prevent disputes, protects your investment and makes future decisions easier.


We guide you through key inclusions—like profit sharing, dispute resolution, decision-making rights and exit terms—so nothing is left to chance. Whether you're starting fresh or updating an old agreement, we try to make sure it reflects your unique arrangement.


Give us a call on (02) 6553 4266 to speak to a solicitor about your partnership agreement.

Protect Your Business and Your Relationships

Partnerships are built on trust—but even strong partnerships can face tension if the rules aren’t clear. A well-drafted agreement acts as a safety net for your business and your personal relationship. It outlines what happens if one partner wants to leave, disagrees with a decision or brings in someone new.


We’ll help you define each person’s role, capital contribution, voting rights and dispute process. We also review existing agreements if your business has changed or expanded. And if you’re entering a family partnership, we can guide you through sensitive topics like succession and inheritance without awkward conversations.


It’s easier to set expectations now than fix misunderstandings later. We’re here to help you get it right.

Future-Proof Your Partnership

Businesses evolve—new staff, new goals, new challenges. A flexible, future-focused partnership agreement lets you adapt without confusion. We help you include options for changes in ownership, buyouts, retirement or even selling the business outright.


We also look to ensure your agreement is compatible with your business structure, insurance policies and estate planning. If a partner becomes ill, passes away or wants out, the agreement can guide everyone through the transition with minimal disruption.


With the right framework in place, your business can keep moving—no matter what changes come next.

A Man Is Handing A Pen To A Woman Who Is Signing A Contract — Adamson Legal & Conveyancing in Wingham, NSW
A Man In A Suit And Tie Is Shaking Hands With Another Man — Adamson Legal & Conveyancing in Wingham, NSW
A Group Of Business People Shaking Hands Over A Table — Adamson Legal & Conveyancing in Wingham, NSW

Frequently Asked Questions

  • What is a partnership agreement and why do I need one?

    A partnership agreement is a legal document that sets out how a business partnership operates. It includes details like profit sharing, decision-making, dispute resolution and what happens if a partner wants to leave.


    Without an agreement, default rules under state legislation apply, which may not suit your situation.

  • Can I run a business partnership without a written agreement?

    Yes, but it’s risky. Without a written agreement, you rely on default legal rules—which often don’t cover real-world issues like unexpected exits, unequal workloads or changes in investment.


    A written agreement protects all parties and helps prevent costly disputes down the track.

  • What should be included in a partnership agreement?

    A good agreement covers partner roles and responsibilities, profit and loss sharing, dispute resolution, rules for admitting new partners, exit plans and procedures for winding up the business.


    It should also outline how key decisions are made and how assets are handled if the partnership ends.

  • How often should a partnership agreement be updated?

    Any time something major changes—like adding a new partner, expanding into new services, or changing the structure—you should review and update your agreement.


    It’s also smart to check it every few years even if things feel stable, just to make sure it still reflects your current setup and goals.