Llp Agreement Template UK

The LLP Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable examples.


Sample

Llp Agreement Template UK

Editable – Printable



LLP Agreement Template UK

1. LLP Information


2. Partner Information





3. Agreement Details

4. Purpose of the LLP

5. Contribution of Partners

6. Profit and Loss Distribution

7. Management of the LLP

8. Decision-Making Process

9. Financial Year

10. Admission of New Partners

11. Withdrawal of Partners

12. Confidentiality Clause

13. Dispute Resolution

14. Termination of LLP

15. Signatures and Agreement

16. Declaration and Signatures




PDF


WORD

Examples


LLP Agreement Template UK (1)
Between:
[Name of the Partners]
[Partner’s ID]
[Partner’s Address]
[Partner’s Phone]
[Partner’s Email]
And:
[Name of the LLP]
[LLP Registration Number]
[LLP Address]
[LLP Phone]
[LLP Email]
Introduction:
This agreement sets forth the terms and conditions under which the Partners will operate the Limited Liability Partnership, commencing on [Start Date].
Clause 1: Name of the LLP
The name of the Limited Liability Partnership shall be “[Name of LLP]”.
Clause 2: Purpose
The purpose of the LLP is to engage in [Description of Business Activities] and to conduct all related activities.
Clause 3: Contributions
The Partners agree to make the following contributions to the LLP: [Detailed list of capital contributions, services, and any other resources].
Clause 4: Profit and Loss Distribution
The profits and losses of the LLP shall be divided among the Partners in the following manner: [Specify distribution percentages or methods].
Clause 5: Management and Decision-Making
The management of the LLP shall be conducted by the Partners, with decisions made by a majority vote unless otherwise specified.
Clause 6: Admission of New Partners
New Partners may be admitted into the LLP upon [Conditions for Admission] and with the unanimous consent of existing Partners.
Clause 7: Termination
This agreement may be terminated upon [Notice Period, e.g., 30 days] written notice from any Partner, under the conditions set forth herein.
Clause 8: Confidentiality
All Partners agree to maintain the confidentiality of sensitive information pertaining to the LLP’s operations.
Clause 9: Governing Law
The agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
LLP Agreement Template UK (2)
Between:
[Name of the Partners]
[Partner’s ID]
[Partner’s Address]
[Partner’s Phone]
[Partner’s Email]
And:
[Name of the LLP]
[LLP Registration Number]
[LLP Address]
[LLP Phone]
[LLP Email]
Introduction:
This agreement outlines the foundational structure, management, and operations of the Limited Liability Partnership, effective as of [Start Date].
Clause 1: Formation of the LLP
The Partners hereby form a Limited Liability Partnership under the name “[Name of LLP]” in accordance with the Limited Liability Partnerships Act 2000.
Clause 2: Business Activities
The business activities of the LLP are to include, but are not limited to: [Comprehensive description of the business scope].
Clause 3: Partner Contributions
Each Partner shall contribute the following to the LLP: [Specific contributions from each Partner, including cash, property, or services].
Clause 4: Care and Duties
Partners shall perform their duties with reasonable care, skill, and diligence, acting in the best interest of the LLP.
Clause 5: Distributions of Profits
Profits shall be distributed to the Partners annually based on their respective contributions and in line with agreed ratios.
Clause 6: Records and Accounts
The LLP shall maintain accurate financial records, and each Partner shall have access to review these records upon request.
Clause 7: Dispute Resolution
In case of a dispute, the Partners shall first attempt to resolve the issue amicably, and if that fails, agree to mediation before pursuing legal action.
Clause 8: Expulsion of Partners
A Partner may be expelled from the LLP under circumstances outlined herein, with a [Notice Period] notice requirement.
Clause 9: Amendments to the Agreement
This agreement may be amended only by written consent of all Partners, documented in the LLP records.
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

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Llp Agreement Template UK