There were also disagreement around the balances due to the out-going partner and the timing of the payments to him.

Whilst such matters can easily become contentious and spin out of control, we were able to advise in such a manner that an agreement was reached.

This enabled the LLP and the outgoing partner to move forward, perhaps not with everything they wanted, but with a workable agreement.

Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.

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