Llp agreement pdfLLP Agreement • June 19th, 2021
Contract Type FiledJune 19th, 2021A well structured and drafted LLP agreement is very much required for the successful functioning of an LLP. Since an LLP is not a company and provisions of the company law is not applicable to an LLP, the LLP agreement must address all corporate structure related issues in the LLP agreement. CompaniesInn has developed customized LLP agreements after careful study of the LLP Act and Rules. Our standard LLP agreement contains the below mentioned provisions: 1. Name of the LLP The name of the LLP shall end with LLP or Limited Liability Partnership as per the provisions of the LLP Act. 2. Date of the agreement and parties of agreement Since the LLP agreement is executed after incorporation and as per incorporation, the same needs to be executed within 30 days of incorporation, the date of the LLP agreement must be a date within 30 days from the date of incorporation. As per the LLP Act, an LLP agreement is an agreement between partners of LLP or LLP and partners; hence, the parties of the