Hello all and appreciate any advice. My business partner and I are very amicably agreeing to change the structure of our limited company so I buy all bar 14% of his equity and he resigns as a Director. Quid pro quo I have agreed to sign a waiver on his liability for any existing or on-going company debts (corporation tax, outstanding invoices and the firm's overdraft facility), but I'm now concerned that it won't be legally enforceable, that is the law covering Director's liability will have precedence over anything we might formally agree between ourselves. Can anyone advise on this? Many thanks.