In these unprecedented times, Axiom Stone Solicitors will, in common with other businesses, be following the Government's official advice on social distancing and social isolating.

Public health measures must have the highest priority and, as a result, some staff will be working from home. Also, our offices will be closed to visitors.

However, we wish to reassure existing and potential clients that we will continue to provide the highest levels of service.

Please be assured we have a robust business continuity plan in place that is designed to minimise the impact on our service to you.

In addition, please continue to contact us electronically or by phone in relation to the progress of your matters or on any issues of concern to you.

Until further notice, service of claim forms, application notices and all other court documents and contractual notices must be made to our head office only (we shall not accept service through any other means). Our head office address is at Axiom Stone Solicitors, Axiom House, 1 Spring Villa Road, Edgware, Middlesex, HA8 7EB. We ask that all other correspondence be sent by email to the relevant member of Axiom Stone Solicitors. In the event that service of court documents or contractual notices is attempted by post, courier, DX, or fax to any address other than that of our Head Office, we cannot provide any assurance that they will be received or processed. We are grateful for your understanding at this time.

We will update this information regularly on our website (Please see COVID-19 Updates Here) and via social media.

Finally, we urge everybody to follow the official advice on fighting the virus outbreak so enabling you to stay safe and well.

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Lesson number one: Don’t underestimate the other guy’s greed” – Frank Lopez, Scarface. 

Movies may seem like flights of fantasy but every so often, they offer nuggets of sound advice.  We have advised many partnerships at all stages of their existence ranging from inception to dissolution and there are several key points that people should consider when embarking on such a venture.    

In a partnership each party will bring funds or physical equipment (or both) to the business and will want to ensure that their interests are protected. Unfortunately, there is no sure-fire way to prevent a dispute from arising in the business world, even between business partners who once shared a common goal and, in many cases, were friends or family.  Therefore, it is important that all parties do everything possible to protect their interests and also identify mechanisms to resolve in a quick and cost efficient way any disputes that may arise. 

Partnership Agreement

A 25% slice of something is better than 100% slice of nothing.” – Fast Eddie, The Hustler

Before you even start, each partner should review what they are contributing to the partnership and also what they want to get out of the partnership.  An important issue to address at the outset of forming a partnership is codifying, ideally in a partnership agreement, the investments and returns that each party will make or receive. This ensures that all parties know what they are entitled to from the very beginning. A properly drafted partnership agreement will also provide the parties with a mechanism for bringing the partnership to an end should the need arise with a clean break and thereby potentially avoid years of protracted litigation.


Show me the money!” – Jerry Maguire, Jerry Maguire

Take the time and do your research on a good firm of accountants or bookkeeps to manage the partnership accounts. They are invaluable. Axiom Stone have recently concluded a multi-million pound partnership dispute which was litigated with the High Court for over 6 years.  That dispute concerned a partnership comprising 3 brothers who ran a property portfolio business dating back to the early 1980’s.  Unfortunately, they never kept any formal accounts and this resulted in a very time consuming and imperfect forensic investigation to clarify the respective entitlement of the parties.  Enlisting the assistance of a good firm of accountants means that the finances are handled properly and also means that a skilled and independent third party is responsible for that side of the business.

We go to the mattresses.” – Santino Corleone, The Godfather.

When preparing to set up your partnership you will want to ensure that you minimise your personal liability in relation to the business. There are two types of partnership – a standard partnership and a limited liability partnership (LLP). In a standard partnership, each partner is jointly and severally liable for the debts and liabilities of the partnership whereas in an LLP each partner is not responsible for the liabilities of another partner.  An LLP offers partners a similar level of security as shareholders of a limited company.


Whilst there is a great deal to consider when setting up a partnership our highly experienced and commercially astute Corporate Commercial team can assist with the  appropriate structure and in ensuring that the rights and obligations  of the partners are properly reflected in partnership agreement. In the unfortunate event that a dispute arises between partners, our experienced Dispute Resolution  team is able to advise accordingly and to handle the dispute on your behalf.  By taking the best advice at the right time Axiom Stone Solicitors can help you achieve your goals.

For any advice on the formation of a partnership or in relation to a partnership dispute, please contact:

Claudine Lawrence, Corporate and Commercial at or 020 7016 9340; or

Daniel Gleek, Head of Dispute Resolution at or 020 7016 9337.

Article by Toby Matthews, Senior Associate, Dispute Resolution