(3) PARTNERSHIP AND JOINT VENTURE AGREEMENTSA: FARMING PARTNERSHIPS1: INTRODUCTION59 Master agreementsThe 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
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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