Book excerpt: The new edition of this established text is a fully updated account of the law of partnerships in a readily accessible and readable form. It is a valuable tool for practitioners who need a readily available source of information on partnership law as well as students of partnership law. The work explains the essential characteristics of the subject, highlighting difficult and developing areas by reference to both established and modern cases and legislation. In addition to UK authorities, of which there are an increasing number at a high level, it also covers cases from many parts of the Commonwealth that still use the Partnership Act of 1890. New developments such as the amendments to the law on limited partnerships and changes to the legislative framework of limited liability partnerships are covered. In essence the book explains the essential characteristics of the subject through areas such as formation, regulation and dissolution of partnership and has inciteful commentary that even experienced lawyers find useful.