Farming Partnership Agreements - A Bite-Sized Introduction

Introduction

The use of the traditional partnership is perhaps the most common business structure used in the farming context.

Anyone involved in advising the partners collectively, or any of them individually, may find themselves discussing the provisions of an existing partnership agreement, or advising on why a new agreement should be considered.

This short webinar will look at why a written agreement is important, what to look out for when reviewing/interpreting an existing agreement, and practical drafting tips for those involved in the drafting of a new agreement.

It is suitable for those involved in advising farming clients who operate their business via a partnership structure.

What You Will Learn

The webinar will cover the following:

• Why have a written partnership agreement? Shortcomings of Partnership Act 1890
• Interpreting existing partnership agreements - specific issues to look out for
• Examining the partnership accounts
• Drafting new partnership agreements:
• The essential provisions
• Special considerations, e.g. land capital accounts, provision on death/retirement/incapacity

This webinar was recorded on 1st October 2025

You can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.