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A source of ready-drafted partnership agreements, designed for all commercial lawyers and advisers. This second edition includes new and revised precedents to take account of the significant changes in practice that have occurred since the publication of the first edition.
These include the conversion of salaried partners to equity partners, the increased use of ""garden leave"" provisions and restrictive covenants, introduction of flexi-time arrangements, full implementation of self-assessment and the introduction of the Insolvent Partnerships Orders 1996. Most significantly, in the wake of the Limited Liability Partnership Act 2000, this edition includes a model agreement for a limited liability partnership.
This edition covers all the most common situations arising in practice, including the establishment of the partnership, admission of new partners, consultancy agreement, mergers and arrangements for partnership property, with annotated precedents. A disk containing all the precedents is supplied with the book.