Fixed Legal Fees

Legal Fee Policy

Concessional Legal Fees

Reduced Legal Fees

Original Beneficial Ownership

Additional Fact-Finding Fees

Variations of Draft Agreement

Initial Agreements

Content of all Agreements

Current Legal Fees

Inadequate Insurance Proceeds

Trauma Buy/Sell Strategy

Alternative Business Agreements

BITA

Hybrid BITA

Self-Owned BSA

Proprietors Agreement

Debt Reduction Agreement

Variation Agreements

Meetings and Advice

Cost Savings

Proprietors Agreement

This is the title of any agreement used by IGS to document the relationship between the Proprietors of:

• a Company (a "Shareholders Agreement");

• a Partnership (a "Partnership Agreement"); or

• a Unit Trust (a "Unit Holders Agreement").

Purpose of Agreement

The purpose of a Business Proprietors Agreement is to:

• regulate the management of all companies, trusts and other entities involved in the Business;

• specify Special Majority requirements with respect to important management issues;

• minimise dispute with respect to management issues;

• specify dispute management procedures; and

• regulate the terms upon which Proprietors may exit the Business or sell their Equity (including options to purchase and valuation issues).

Multiple Business Entities

It is common for many Businesses to use a combination of different Business Entities.

For example, in the case of a professional practice, there might be a Partnership, a Unit Trust and a Company Trustee.

The standard IGS Proprietors Agreement documents the relationship with respect to all of the entities, not just a single entity.

The Business Proprietors’ Agreement deals with equity in any companies and related entities (e.g., trusts), so that the standard fee applies to agreements for more complicated structures than a simple company structure.

The standard IGS Agreement also devotes more attention to terms of exit than most standard agreements and it dovetails in with the Business Insurance Trust Agreement.

Questionnaire

IGS uses a standard Questionnaire to obtain instructions with respect to the requirements of the Business.

IGS will supply a Fixed Legal Fee Quotation upon receipt of the completed Questionnaire.

Please contact IGS to obtain a copy of the Questionnaire.

Copyright: Ian Gray Solicitor

Adviser Tip

The standard IGS Proprietors Agreement documents the relationship with respect to all of the entities, not just a single entity.

See more Adviser Tips

Current Marketing Schedule

Ian Gray travels to most capital cities regularly throughout the year and is available for Meetings.

Please click here to see his availability in Brisbane, Sydney, Melbourne, Adelaide and Perth.

Please contact us to arrange an appointment or teleconference.