THE DRAFTING OF PARTNERSHIP AGREEMENTS.

The article focuses on issues related to the drafting of partnership agreements in the U.S. This paper will deal chiefly with the major features of this form and its adaptation to various business situations. The partners may agree on anything they wish. The chief task of the draftsman is to ascertain what they do wish, to think out in advance the typical problems that are likely to arise, to discuss these with his clients, to work out decisions as to how they are to be treated, and to set the results down in clear language.