Limited liability partnership agreement

A standard document limited liability partnership (LLP) agreement for use on either the establishment of a new business as an LLP or the transfer of an existing partnership business to an LLP. The agreement records the matters agreed between the LLP members in relation to the internal workings of the LLP. Among other things, the LLP agreement covers profit sharing, admission of the new members, management and decision making, retirement and expulsion from the LLP and enititlement and obligations of outgoing members.

This agreement includes integrated drafting notes embedded within the text. Click on a heading to read the note. See the Actions box on the right for additional viewing options.

Request a free trial

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info.practicallaw@thomsonreuters.com.

A free trial will give you:

Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area
 

Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247242933696", "objName" : "ACT_OWNED - READ_ONLY - 1-107-4829", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/1-107-4829?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "22e97be00:15b005f1318:-4e73", "analyticsSessionCookie" : "22e97be00:15b005f1318:-4e72", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }