Agricultural Law Netletter - January 21, 2017 - Issue 364

HIGHLIGHTS

* A Justice of the Supreme Court of British Columbia has conducted an in-depth review of the law concerning the formation of partnerships in relation to a proposed partnership to finance and develop an Abbotsford, British Columbia farm for the purpose of growing medical marijuana. The Court concluded that although the parties intended to enter into a written partnership or joint venture agreement, they had not reached a consensus with respect to the essential terms of the agreement, including when it would commence, their respective roles and responsibilities, how revenue and expenses would be accounted for and how they would share profit and losses. Although there had been discussions, they never actually commenced carrying on any business. A Vancouver businessman who had proposed a partnership to the owners of a small Abbotsford farm in financial difficulty, was granted judgment for funds he had advanced to pay down the farmer's mortgage but not for