Limited Liability Partnership Sample Clauses

Limited Liability Partnership. The Managing Partner shall determine the timing and amounts of distributions and such determination shall be binding on all Partners. The net income of the Partnership shall be proportionally allocated to and any net losses of the Partnership shall be borne proportionally by the Partners as such percentages are set forth in Schedule A hereto. No Partner is entitled to priority preference in any distribution from the Partnership. No Partner shall be entitled to make withdrawals from his individual account or have returned to him his capital contributions except in accordance herewith. All distributions shall be made in cash.
Limited Liability Partnership. The Managing Partner shall determine the timing and amounts of distributions and such determination shall be binding on all Partners. The net income of the Partnership shall be proportionally allocated to and any net losses of the Partnership shall be borne proportionally by the Partners as such percentages are set forth in Schedule A hereto. No Partner is entitled to priority preference in any distribution from the Partnership. No Partner shall be entitled to make withdrawals from his individual account or have returned to him his capital contributions except in accordance herewith. All distributions shall be made in cash. Management of Partnership: (Check One) ☐ - Partnership: The business and affairs of the Company shall be conducted and managed by the Partners in accordance with this Agreement and the laws of the State of Arizona. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Partnership and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Partners holding a majority of the percentage interest of the Partnership. Notwithstanding any other provision of this Agreement, the Partners shall not, without the prior written consent of the unanimous vote or consent of the Partners, sell, exchange, lease, assign or otherwise transfer all or substantially all of the assets of the Partnership; sell, exchange, lease (other than space leases in the ordinary course of business), assign or transfer the Partnership’s assets; mortgage, pledge or encumber the Partnership’s assets other than is expressly authorized by this Agreement; prepay, refinance, modify, extend or consolidate any existing mortgages or encumbrances; borrow money on behalf of the Partnership in the excess of $__________.00; lend any Partnership funds or other assets to any person in an amount or with a value in excess of $___________.00; establish any reserves for working capital repairs, replacements, improvements or any other purpose, in excess of an aggregate of $_____________.00; confess a judgment against the partnership; settle, compromise or release, discharge or pay any claim, demand or debt in excess of $_________.00, including claims for insurance; approve a merger or consolidation of the Partnership with or into any other limited liability company, corporation, partnership or other entity; or change the nature or character...
Limited Liability Partnership. No Partner shall be personally liable or accountable, directly or indirectly (including by way of indemnification, contribution, assessment or otherwise), for debts, obligations and liabilities of, or chargeable to, the Partnership, or another Partner or Partners, whether arising in tort, contract or otherwise, solely by reason of being a Partner or acting (or omitting to act) in such capacity, which such debts, obligations and liabilities occur, are incurred or are assumed while the Partnership is a limited liability partnership .
Limited Liability Partnership. A limited liability partnership is a hybrid between a partnership and a corporation. None of the partners are personally responsible for the liabilities of the partnership and the other partners beyond their assets in the partnership. The partners can choose how much they want to contribute and how involved they want to be in the business. Limited liability partnerships are a more formal structure and require registration with the state and usually a written partnership agreement as well. Their use is also limited in certain states to professional partnerships, such as lawyers and accountants.
Limited Liability Partnership. To the extent permitted by law, the Partnership will be treated as a partnership for federal, state and local income tax purposes.
Limited Liability Partnership. What is an LLP? It is important to always pause and ask yourself if you should sign a contract before putting your name down. NDAs can force employees to be silent about anything from trade secrets to sexual harassment and assault and have been growing in number as companies become increasingly worried about competition and reputation. If a confidentiality agreement is broken, the injured party can seek monetary damages or compensation for breach of contract. NDAs to settle sexual harassment claims can be enforced. California courts generally refuse to enforce noncompete agreements, which prohibit an employee from working for competitors for a specific period of time. However, nondisclosure agreements are only as effective as they are enforceable. And terms of confidential in drafting ciiaa document? The Workplace Fairness Attorney Directory features lawyers from across the United States who primarily represent workers in employment cases. New York or New Jersey? Xxx to cover the employment confidentiality agreement that from the sole ownership on the warehouse. Businesses working together use mutual NDAs. Many businesses fear the risk of an employee taking a trade secret that is learned while on the job and leaving the company for a competitor or setting up shop themselves. Sign them, you are not harmed by them in any way, shape, or form. For security purposes, we have temporarily suspended online access to your account. Consideration should also be given to having the employee acknowledge the accuracy of the relevant documents and the content of the exit interview by signing a written statement, as set forth in the Appendix, Form No. NDA and have received notification, you should immediately seek legal counsel. Contact your state department of labor for more information. Join Xxxx Xxxxxx, an organizational change expert from Peakon as he explores how employee expectatio. In response to the Xxxxxxxxx scandal, legal experts have proposed new measures to reform the use of NDAs. The benefit option for example, which has not be carefully consider which confidentiality agreement in my company headquarters are free today. The problem with doing this, as you might imagine, is that courts may view overly broad definitions as unreasonable, jeopardizing enforcement of the agreement. NDA to protect confidential business information, but they move into irresponsible use when employees sign them against their will. What can I do to prevent this in the future? An emplo...
Limited Liability Partnership. Part 1 The Board whose name, address, telephone number, fax number and email address (if any) is: Part 2 The Contractor is a limited liability partnership whose name and address of the registered office is: The address to which official correspondence and notices may be sent is, and the contact telephone number, fax number (if any) and email address (if any) is: If there is any change to the addresses and contact details specified in Part 1 or Part 2 of this Schedule, the party whose details have changed must give notice in writing to the other party as soon as is reasonably practicable. SCHEDULE 2
Limited Liability Partnership delete if the Sub-Consultant is a company sole principal or a partnership] Insert Sub-Consultant’s full company name EXECUTED and DELIVERED as a DEED by ………………………………… acting by: ………………………………………… Member …………………………………………Member [The following wording applies only where the Sub-Consultant is a sole principal or a partnership – delete if the Sub-Consultant is a company or a Limited Liability Partnership] [Drafting Note: If there are more than two partners then the wording must be repeated for each additional partner unless proof, eg power of attorney, partnership deed or minutes of full partnersmeeting, is provided to show that the partners who sign are authorised by the remainder of the partnership] * Insert full name, including middle names of partner ** Insert full name of Sub-Consultant SIGNED as a DEED by ….…………………………………………….. * [as authorised signatory for …………………………………………………] ** in the presence of: Witness Signature : Witness Name : Witness Address : Witness Occupation : * Insert full name, including middle names of partner ** Insert full name of Sub-Consultant SIGNED as a DEED by ….…………………………………………….. * [as authorised signatory for …………………………………………………] ** in the presence of: Witness Signature : Witness Name : Witness Address : Witness Occupation : APPENDIX A SERVICES TO BE PROVIDED BY THE SUB-CONSULTANT APPENDIX B FORM OF SUB-CONSULTANT WARRANTY 1 To be dated once the Agreement has been executed by Maber Associates Limited and the Sub-Consultant 2 Insert a short description of the Services being carried out by the Consultant 3 Insert details of the Site 4 Insert a short description of the Sub-Consultancy Services being carried out by the Sub-Consultant 5 Insert a description of the Works 6 Insert Sub-Consultant’s discipline 7 Adjustments may be required to suit the project.
Limited Liability Partnership. ■ Or full name(s) of proprietor / partners:............................................................ Sole TraderInvoice / notice address: .................................................................................. Partnership