"Now in its ninth edition, The Law of Partnership in Australia maintains its standing as a comprehensive and authoritative text. Important practical aspects of partnership law are reviewed, such as formation, fiduciary obligations, transactions between partners and third parties, legal action by and against partners, bankruptcy and winding up." "The new edition interprets legislative changes, including recently enacted provisions for the formation and operation of incorporated limited partnerships. Developments in case law are also addressed, including updated material on the following topics: carrying on business; incomplete ventures; principals who do not share profits; entitlement to share in post-dissolution revenue profits; fiduciary obligations; accounting for benefits; liability for equitable wrongs; whether liquidation of a corporate partner is the equivalent of bankruptcy; and limitation of actions."--BOOK JACKET.

Explains and illustrates the major legal principles governing the formation, operation and termination of partnerships and the way they apply in practice, and incorporates updates to all statutory references and to all major new cases, expands on existing explanations and, where relevant, includes additional case examples to illustrate how those principles apply in practice.

Covering important practical areas such as bankruptcy, taxation and the procedure in actions by and against partners and business names, this useful text is essential for students and new practitioners seeking a thorough and respected examination of partnership law. This eighth edition is fully revised to include the latest developments.