Description and usage Limited Liability Partnership Agreement This LLP Agreement is suitable for three (or more) individuals who wish to form a limited liability partnership in accordance with English law. This thirteen page document contains 25 clauses covering - definitions and interpretations
- establishment of LLP
- business of LLP
- capital
- profits and losses
- drawings and expenses
- conduct of LLP business
- good faith and indemnity
- LLP bank
- accounts
- holidays
- insurance
- termination
- expulsion
- consequences of death, retirement or expulsion
- share of former member
- dissolution
- restriction of former member
- confidentiality
- notices
- disputes and governing law
- third party rights
- the scope of the agreement
- severability
- waiver
You need this contract if you want to establish a three-person or more limited liability partnership, and want to set out your relationship to the other parties, your mutual obligations, and the rules governing the conduct of your partnership. What's in it? - See detailed Explanatory Notes below
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