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Contracts???

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  • 08-01-2009 7:02pm
    #1
    Frank the Manc
    Registered Users Posts: 947 ✭✭✭


    Would a contract for partnership, joint venture or business need to be a proscribed Law Society contract for same or can a non-Law Society contract be drawn up, having the same full legal effect should things turn sour?

    Any advice is greatly appreciated.


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    #2
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    Sorry but this question is not too clear.

    If you are putting together an undertaking or legal entity then there are rules in relation to the foundation of same which can be achieved as 'ready to wear' from the Combined Companies Act's or indeed the principle Company Law Act 1963, which has model articles or memoranda in Table A of the Act.

    Partnerships, PLCs and unlimited companies are technically more difficult in relation to their construction.

    Generally though, no, the law society would not be involved to the best of my knowledge unless the partnership you are referring to is that of a law firm incorporating.

    Tom


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    #3
    Frank the Manc
    Registered Users Posts: 947 ✭✭✭Frank the Manc


    Thanks for the advice, basically if i want to set up a partnership with someone & want to draw up a contract explicitly stating that after two years, if certain conditions are not met then that other party will be liable for either a certain amount or half the outstanding monies owed to the bank/debtors ect.

    will a home-made contract, once correctly worded, have any less of a legal standing than one a solicitor would draft?


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