Question

Virat and Tarun are first cousins. After completing a degree course in law, Tarun wishes to start

a law consultancy firm jointly. Virat shared with Tarun that he has a plan to go abroad after two

years to pursue masters’ course in law. Therefore their partnership can exist only for two years.

Tarun agrees with Virat’s decisions

i) Identify and explain the type of partnership being highlighted above.

ii) Name the basis under which this type of partnership is classified (Broad Category)

iii) Also, name other type of partnership which can be classified under the same basis as

identified in part (ii) above​

Answer 1

Answer:

• I've been posting on this site for quite some time now and I finally took Mr. India's suggestion and decided to combine whatever information I have gathered (after extensive research) about doing an LLM from UK into one blog. I hope this blog helps the Indian students in taking the right decisions on doing an LLM and also becoming aware of how things stand in general. The purpose of the blog is not to discourage Indian students but to make them aware of the facts so that they can take the right decision on going for the LLM or not and how to fund their studies.

• I've obtained admission for the 2008-2009 LLM in a number of Universities in UK and will probably go for the LLM but my reasons for doing the LLM are not really from the perspective of a job in the UK.

• FYI, I have 10 years of work ex in India and my experience has been very wide and general ranging from litigation to corporate/ transactional work in law firms to working with MNC's and running my own law firm. I am now concentrating on corporate/ transactional work.