Farming Partnership Agreements - Critical Aspects, Common Pitfalls & More

Introduction

Partnerships are still one of the most common business structures for agricultural businesses, yet there are still many farming partnerships operating without a written partnership in place or with one that is no longer fit for purpose.

This webinar will look at the critical aspects of partnership agreements, common pitfalls, best practice for drafting and reviewing agreements, and risk mitigation strategies.

What You Will Learn

This webinar will cover the following:

• Looking at the default provisions under the Partnership Act 1890
• Dissolution - triggers and effect
• Recent cases - Allan v Allan, Bahia v Sidhu, Cobden v Cobden
• The provisions that are important to get right in a partnership agreement - expulsion, retirement
• Other considerations in respect of the partnership agreement - what should happen with capital profits? What happens on the death or bankruptcy of a partner and what options should be available to continuing partners in those circumstances?
• The importance of establishing which assets are partnership assets irrespective of whether there is a written partnership agreement
• The evidential value given to the accounts
• Can tenancies be partnership assets?
• Considerations for partners when purchasing land
• Tax considerations

This pre-recorded webinar will be available to view from Tuesday 7th October 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.