Does the 1890 Act govern your farm partnership?

The legislation is being described as 'archaic'

Farm partnerships are like marriages and, as with every marriage, at times you are going to experience conflict. You should therefore ensure you are protected in the event of a dispute. File Picture.  

Farm partnerships have become a lot more commonplace. In the absence of a written agreement, farm partnerships are governed by the Partnership Act 1890.

The 1890 Act is an archaic piece of legislation, and is not specifically aimed at farm partnerships, rather at business partnerships in general. If a written partnership agreement is not thorough and comprehensive, then the 1890 Act will determine what happens, for example, in the event of a partner’s death.