Protect your privacy with this professionally drawn and comprehensive LLP agreement. In this version, most or all partners are involved in running the business. The document provides for statutory requirements as well as all usual inter-partner issues. It also provides additional terms covering how a modern day business operates. Use it not only to protect legal rights but also to set out how you want your partnership to work.
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This agreement is suitable for any LLP requirement. It is assumed that all partners will be active in the business.
The document is comprehensive, and includes many options. It is structured so that you can take an option, or edit to suit your particular requirements.
For example, if your business is in science, technology or creative work, you will appreciate the very full provisions for management and protection of established and new intellectual property rights, new inventions, and derived products.
If an option is not relevant, you can easily reduce these to produce a document to your exact requirements.
The Limited Liability Partnership Act 2000 provides the structural framework for this agreement. Within that framework, you are free to make whatever arrangements you like, subject to normal contract law. This gives you great freedom, which is reflected in the many suggestions given in this agreement.
If you require an agreement to operate an arrangement where a minority manges the business on behalf of sleeping partners or investors, then see this agreement.
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