General partnership

A partnership under strain can lead to a dispute.

We assist partners in disputes arising from the winding up of a general partnership (such as those relating to termination, continuation, dissolution and financial settlement).

How can we help you?

GMW specialises in setting up and structuring partnerships within general partnerships and in managing disputes that have arisen between partners.

However, if partners are unable to resolve their disputes, cannot bridge a difference of opinion, or if mutual trust has been lost, terminating the partnership is often the only solution.

GMW lawyers also has extensive experience in winding up general partnerships (VOFs), including ‘husband-and-wife firms’, through negotiations and legal proceedings.

It is common to result in the need to wind up the partnership. For example, where the partners are ex-partners as the result of a divorce. This process will often need to be carried out separately from the divorce proceedings. In the case of a general partnership (VOF) between two spouses, also referred to as a ‘husband and wife firm’, the expertise of our family law solicitors also comes in very handy.

We advise one partner or all the partners in a general partnership and represent them in legal proceedings concerning:

Liability to creditors for the actions of a co-partner
Termination of the general partnership (termination agreement, notice of termination, dissolution)
Disputes between partners within the VOF
Joint and several liability for debts following withdrawal or termination of the VOF
Drafting of a memorandum of association / VOF agreement
Buy-out of a partner and indemnity against debts
Withdrawal and expulsion
Winding up of the VOF
Power of representation within the general partnership
Continuation of the business