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Profit sharing is one of the most significant aspects of partnership and LLP agreements. While fixed profit allocations provide certainty, many partnerships in England and Wales prefer variable profit-sharing arrangements to reflect contribution, performance, or commercial circumstances. Discretionary profit-sharing clauses offer flexibility, incentivising partners and rewarding merit. However, if poorly drafted, these clauses can lead […]

The death of a loved one is always a difficult time. Emotions are heightened, and decisions about money and property can feel overwhelming. When a Will appears to be unfair, it can intensify grief and create tension among family members. Many people assume that the contents of a Will are final and cannot be challenged, […]