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Commentary

59 Master agreements

AGRICULTURE vol 2(2)
| Commentary

59 Master agreements

| Commentary

(3) PARTNERSHIP AND JOINT VENTURE AGREEMENTS

A: FARMING PARTNERSHIPS

1: INTRODUCTION

59 Master agreements

The master agreements in this section1 are designed to cover the most common requirements of, respectively, a family farming partnership and a farming partnership of a more ‘arms length’ commercial nature between a landowner and a third party working farmer. The only essential requirement of a partnership is that it is an agreement entered into between persons carrying on a business in common with a view of profit2. The parties are free, within the limits of the law of contract, to arrange their

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