If you are in business with a co-principal the relationship between you is fundamental to the continuing success of your business.

It is essential the nature of the relationship between you is recorded in writing and that sudden unexpected events such as death, long periods of incapacity and retirement are catered for in a clearly defined fashion. A dispute could throw the business immediately off track.

A carefully tailored Expense Share or Partnership Agreement can ensure that the business continues to function without disruption and with each principal knowing precisely where they stand. Practical experience shows us that the fees spent in preparing an agreement on an "upfront basis" is money well worth spending when compared to the costs of a dispute within the practice.

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