This is an area of law that may affect you without you knowing it. If you work with other people, professionals or otherwise and you are not a limited company, then you could be in a partnership with or without you knowing it! If you do not have a written partnership agreement, then you will come under the rules as stated in the Partnership Act of 1890. If you are starting a partnership or think you may be in an unwritten one, we would strongly recommend that you have a partnership agreement drafted, otherwise the 1890 Act applies to you, whether you want it to or not. We can assist you with any issues that arise in relation to this area of law including drafting a Partnership agreement.
So, are you in a partnership with or without you knowing it?