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Limited Liability Partnership agreement: equal responsibility  

Doc Ref. EN-PNag04
With Free Guidance Notes
Drawn by: Rajeev Goswami
Format available: word-small
Word count: 4800

Comprehensive limited liability partnership agreement where all partners are involved in running the business. Provides for statutory requirements as well as usual inter-partner issues.

 
Price: £39.00
Plus VAT £7.80
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About this document
This partnership agreement is suitable for all Limited Liability Partnership situations, except those where one of the partners will take control of day to day management. This may be because he has contributed more to set up, or may simply be the best arrangement for the partners. If one partner is in charge, use the agreement linked on the right of this page.
It is a comprehensive document: instead of being drawn to include only the minimum provisions, they give you a full menu, from which can easily delete items you do not require.
It deals particularly thoroughly with provisions following disagreement or dissolution because this is the area where partners are most likely to want to rely on the agreement.
 
Application and features
Covers virtually all LLP situations, including existing agreements and new partnerships;
Suitable for any type of business;
Extensive guidance notes in plain English.
 
Contents
Sets out the basic partnership provisions;
Partnership duration;
Information required by the Registrar;
Partnership shares and variations;
Who shall be designated partners;
Duties of designated partners;
Partnership property;
Partnership capital;
Partnership shares;
Loans to the partnership;
Banking records and accounts;
Actions for which partnership consent is required;
Management;
Cars;
New intellectual property;
Confidentiality;
Holidays and absence;
Partnership policies;
Restrictions on partners;
Retirement, death or expulsion;
Termination of the partnership;
Other usual legal provisions.
Draftsman
This document has been drawn by Rajeev Goswami, unconnected with Net Lawman. Rajeev Goswami will welcome your contact for further legal help. There may be a charge for Rajeev Goswami services.

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Admission of new partner agreement
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