Jurisdiction(s):
United Kingdom

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Key definition

Agreement definition

What does Agreement mean? In competition law practice, an agreement is any form of coordination between undertakings that shows a meeting of minds about market conduct (for example pricing, output, customers or territories). It is not limited to a legally enforceable contract: it includes informal or “gentlemen’s” understandings, oral arrangements, email exchanges and tacit understandings, and extends to decisions of associations of undertakings. Mere parallel conduct is insufficient without evidence of contact or communication. The term is used in legislation and developed by case law: Article 101 TFEU, section 4 of Ireland’s Competition Act 2002, and the UK Chapter I prohibition in the Competition...

General Partnership to LLP Business and Asset Transfer Agreement with TUPE, Contract Assignment and Novation, and Property Transfers (England and Wales)

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Precedents

This Agreement is dated [ insert date ]

Parties

The individuals named in Schedule 1 (the Partners), trading as [ insert Partnership name ] (the Partnership); and
[ insert full name of LLP ] LLP, incorporated in England and Wales under number [ insert registered number ] whose registered office is at [ insert address ] (the LLP).

Each of the Partners and the LLP is a Party, and together the Partners and the LLP are the Parties.

Background

The Partners presently conduct the Business as a General partnership under the Business Name and wish to convert that general partnership into a limited liability partnership.
Each of the Partners is a member of the LLP and intends to continue the Business through the LLP as a going concern from the Transfer Date...

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Web page updated on 22/05/2026

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