So to start with how does partitioning handle a NULL? If you look in the BOL for the CREATE PARTITION FUNCTION you’ll see the following:
Any rows whose partitioning column has null values are placed in the left-most partition unless NULL is specified as a boundary value and RIGHT is indicated. In this case, the left-most partition is an empty partition, and NULL values are placed in the following partition.
So basically NULLs are going to end up in the left most partition(#1) unless you specifically make a partition for NULL and are using a RIGHT partition. So let’s start with a quick example of where NULL values are going to end up in a partitioned table (a simple version).
Click through to see Kenneth’s proof and the repercussions of making that partitioning column nullable.