Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Limited liability partnership agreement definition

What does Limited liability partnership agreement mean? An LLP agreement is the private contract between the members of a limited liability partnership (and often the LLP itself) governing their rights and duties between themselves and towards the LLP. In Great Britain (England & Wales and Scotland), the Limited Liability Partnerships Act 2000 and associated Regulations recognise such an agreement and supply default rules where it is absent or silent; comparable provisions apply under the Northern Ireland LLP legislation. It need not be in writing but is usually a detailed written members’ agreement and is not filed publicly. Typical provisions cover admission and retirement, profit...

Limited liability partnership (LLP) members' agreement precedent: governance, capital, profit sharing, admission/expulsion, intellectual property and dispute resolution (England and Wales)

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Precedents

This llp Agreement is dated [ insert date and month ] 20[ insert year ]

Parties

The persons identified in Part A of Schedule 1 ( Initial Members ); and
[ insert name ] LLP, a limited liability partnership (registration number OC [ insert number ]), whose Registered office is at [ insert address ] ( LLP ).

background

[ The LLP was formed under the Act on [ insert date ]. OR The Initial Members plan to incorporate the LLP under the Act on, or immediately following, the date of this agreement. ]
The Initial Members enter into this agreement to define the LLP’s internal arrangements and to set out their respective rights, obligations and duties in relation to the LLP...

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Web page updated on 22/05/2026

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