Agreeing on graduate student expectations

Previously I have posted about the importance of supervisors and students/staff discussing mutual expectations before starting to work together.

I was interested to learn that at the University of New England (Armidale, Australia) there is a very detailed form that graduate students must work through with their supervisor and then sign. It covers a wide range of topics including regular meetings, project timelines, co-authorship, intellectual property, plagiarism, office space, ....

I think if such an exercise is done diligently and sincerely it could prevent many problems that can and do occur.
Do you agree or disagree?

I learnt about this form while perusing the thick book, Surviving and Thriving in Postgraduate Research by Ray Cooksey and Gael McDonald.