Subjects:

Partnership Law

Contents:

1 Partnerships and Partnership Law

What is a partnership?

Essentials of a partnership

Partnerships then and now

Partnerships: variations on a theme

Questions and answers

Formal partnerships

Partnerships by association

Investing in a partnership

Partners and employees

3 Legal Controls on Partnerships

Public and private controls

Restrictions on the freedom to contract

Restrictions on freedom of association

Partnerships and the public domain

4 Partners and Outsiders

Potential problem areas

Liability for other wrongs

Nature of the liability

Duration of the liability

5 Partners and Each Other

Contract and equity

Duty of care

Fiduciary duties

Contract: implied terms

Expulsion clauses

Assignment of the partnership share

6 Partnership Property

Problems and possibilities

What is partnership property?

Business premises: leases and licences

Goodwill: a note

7 Dissolution and Winding Up

Dissolution

Winding up

Partial dissolution

Distribution of assets - solvent partnerships

8 Partnerships and Insolvency

Possibilities and problems

Winding up of an insolvent partnership only

Winding up of an insolvent partnershipand concurrent bankruptcy of the partners

Joint bankruptcy petitions

Voluntary arrangements

Partnership administration orders

9 Limited Liability Partnerships

Development and nature of the limited liability partnership

Formation of an LLP

Financial and other controls

Liability for contracts, torts and other wrongs

Duties of members to the LLP and to each other

Cessation of membership

minority protection

Loan capital

Winding up and insolvency

Arrangements and reconstructions

Disqualification of LLP members as company directos

The new edition of this popular text is an updated, modern account of the law of partnerships in a readily accessible and readable form. A concise study of the law of partnership, this text is suitable for those studying the subject and provides practitioners with a easy to use source of information.

The work explains the essential characteristics of the subject, highlighting difficult and developing areas by reference to both established and modern cases and legislation. In addition to UK authorities, of which there are an increasing number at a high level, it also covers recent cases from many parts of the Commonwealth that still use the Partnership Act of 1890.

New developments such as the recently introduced limited liability partnership are covered. The author also provides an explanation of the Law Commission's proposals for reforms of partnership law (the first such report for over 100 years).

In essence the book explains the essential characteristics of the subject through areas such as formation, regulation and dissolution of partnership and has inciteful commentary that even experienced lawyers find useful.

New to this edition:-

• Analysis of final recommendations of the Law Commission's Report on limited partnerships
• Coverage of multi-national firms conflicts issues
• Insolvent Partnerships Order 2002
• Partnership liability for breaches of contract
• Paragraph numbering and increased sub-headings included in this edition for ease of use