to provided for ‘limited partnerships’ equivalent to Australia’s ..
Judgment in on Australia’s BigLaw partnership fracas: ..
Getting an attorney to help you with the process of preparing your partnership agreement seems like it's an expensive waste of time. It's not. Remember, if it isn't in writing, it doesn't exist, so putting every possible situation or contingency into a partnership agreement can prevent expensive and time-wasting lawsuits and hard feelings between the partners.
analysis and opinion about the business of law in Australia
The only disadvantage to having a partnership agreement is that you might have language that is unclear or incomplete. A DIY partnership agreement risks not getting the wording right, and a poorly worded contract is worse than none at all.