But how does a father, who runs the family farm with his youngest son, deal with claims made by his elder son that he retains a controlling interest in the business despite having no day-to-day involvement?
Writing for Farmers Weekly’s Business Clinic, partner Mike Westbrook considers some of the issues facing families involved in farming partnership disputes, highlights the importance of properly documenting partnership terms, rights, powers and duties, and explains how written partnership agreements can help families deal with domestic fallouts and avoid costly and time-consuming court proceedings.
Click here to read Farmers Weekly's article.