Limited Liability Partnership Agreement

Strict / Tight - 3 Parties

No. of Prokens Required: 3 |

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Description:

Three Parties Limited Liability Partnership Agreement (LLP) will be established under local law. It provides a basic Partnership framework only. This agreement is drafted to impose strict / tight obligations on the Members.

P1, P2 and P3 wish to establish a limited liability partnership in [TERRITORY] under the name of [NAME] (the LLP) for the purpose of [BUSINESS].

P1, P2 and P3 wish to regulate their relationship as members in the LLP and the management of the LLP in accordance with the terms of this Agreement.

The Business is [BUSINESS].

The Business shall be conducted in the best interests of the LLP on sound commercial profit-making principles in accordance with the Business Plan. The Members shall use all reasonable endeavours to procure its prompt and effective implementation.

The name of the LLP shall be [NAME] (or such other name as the Members agree).

The Members may from time to time determine upon a change in the name and/or the registered office of the LLP.

Upon any change in the name and/or the registered office of the LLP it shall be the responsibility of the Designated Members to notify Companies House of any such change in accordance with the Act.

Document Type:

Agreements / contracts

Category:

Business > Setup of Business / Entity > Partnership / Limited Partnership / LLP Agreement

 
Keywords:

partnership

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partnership agreement

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3 parties

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three parties

,  

partners

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limited liability partnership

,  

limited

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member

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LLP

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.

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