Limited Liability Partnership Agreement Template UK

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


Sample

Limited Liability Partnership Agreement Template UK

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Limited Liability Partnership Agreement Template UK

1. Partnership Information


2. Partner Information


3. Partner Information


4. Purpose of the Partnership

5. Capital Contributions

6. Sharing of Profits and Losses

7. Management and Decision-Making

8. Admissions of New Partners

9. Withdrawal and Retirement of Partners

10. Termination of the Partnership

11. Confidentiality Obligations

12. Governing Law

13. Signatures and Acceptance

14. Declaration and Signatures




PDF


WORD

Examples


Limited Liability Partnership Agreement Template UK (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This agreement outlines the establishment of a Limited Liability Partnership (LLP) known as [Partnership Name], effective as of [Start Date], to govern the rights and obligations of the Partners.
Clause 1: Formation of the Partnership
The Partners hereby form a Limited Liability Partnership under the applicable laws of [Jurisdiction, e.g., England and Wales] and agree to conduct business as [Partnership Name].
Clause 2: Purpose of the Partnership
The primary purpose of the Partnership is to [Specify business activities, e.g., provide consulting services, engage in trading, etc.].
Clause 3: Capital Contributions
Each Partner shall contribute capital as follows: [Partner 1: Amount; Partner 2: Amount]. Additional contributions may be made as agreed by all Partners.
Clause 4: Profit and Loss Distribution
Profits and losses shall be distributed among the Partners in proportion to their respective capital contributions, unless otherwise agreed in writing.
Clause 5: Management and Decision-Making
The Partners agree that all significant management decisions shall be made collectively, with each Partner having one vote. Decisions require a [specify majority, e.g., simple majority, unanimous approval].
Clause 6: Accounting Records
The Partnership shall maintain accurate records of all financial transactions, and each Partner shall have access to the financial statements at any time.
Clause 7: Indemnity
Each Partner agrees to indemnify and hold harmless the other Partners from any liability or loss incurred due to their own negligence or misconduct.
Clause 8: Dissolution
The Partnership may be dissolved by mutual consent, or upon the occurrence of events such as [Specify events, e.g., bankruptcy, death of a Partner, etc.].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Limited Liability Partnership Agreement Template UK (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This Limited Liability Partnership Agreement outlines the terms under which [Partnership Name] will operate, effective from [Start Date], specifying the roles and obligations of each Partner.
Clause 1: Name of the Partnership
The business of the Partnership shall be conducted under the name [Partnership Name].
Clause 2: Partnership Duration
The Partnership shall commence on [Start Date] and will continue until dissolved as per the terms set herein.
Clause 3: Management Structure
Each Partner shall manage the Partnership’s affairs and decisions made shall reflect the input from all Partners, with important decisions requiring [specify level of agreement, e.g., unanimous or majority].
Clause 4: Financial Contributions
The financial commitments and contributions of the Partners are as follows: [Specify the contributions].
Clause 5: Distribution of Profits
Profits will be allocated annually amongst the Partners based on the agreed ratio of capital contribution or as resolved otherwise by mutual consent.
Clause 6: Accounts and Records
The Partners shall ensure that accurate accounting records are kept and shall prepare annual financial statements for review.
Clause 7: Confidentiality
All Partners agree to maintain confidentiality regarding proprietary information and the terms of this agreement, even after the Partnership has been dissolved.
Clause 8: Governing Law
This agreement shall be governed by and construed in accordance with 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]

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Limited Liability Partnership Agreement Template UK