LLP Agreement definition

LLP Agreement means any agreement, express or implied, between the members of the LLP or between the LLP and the members of the LLP which determines the mutual rights and duties of the members, and their rights and duties in relation to the LLP;
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LLP Agreement means this Agreement or any supplement thereof determining the mutual rights and duties of the partners and their rights and duties in relation to the LLP.
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LLP Agreement means the Second Amended and Restated Limited Liability Partnership Deed of the LLP, as it may be further amended from time to time.
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Examples of LLP Agreement in a sentence

  • Limited Liability Partnership (LLP) Agreement – combines the tax benefits of a general partnership with the personal liability protection of a limited liability company.

  • In the event of the death or legal disability of any partner, the executor, trustee or administrator of such partner shall be bound by the provisions of this LLP Agreement.

  • The right of the partners shall be regulated by the provisions of the LLP Act, 2008 and rules made thereunder and the LLP Agreement.

  • In case the defaulting partner fails to make good or cure his default and perform in accordance with the provisions of this LLP Agreement within the said period of 30 days after the notice, any other partner aggrieved by the misconduct shall be at liberty to take legal recourse, in addition to the rights and remedies available under this agreement.

  • Payment of the value of the share of ceased partner The LLP shall pay to the outgoing partner or the person entitled to his share as his legal representative or legal heir or nominee as may be permitted under the relevant law for the time being in force, as the case may be, a portion or all of the value of his capital account in the partnership in accordance with Articles herein under of the LLP Agreement.


More Definitions of LLP Agreement

LLP Agreement means the Second Amended and Restated Limited Liability Partnership Agreement of Delphi Automotive LLP dated as of June 30, 2010 and the Side Letter among General Motors Company, SP Auto, Ltd., SPCP Group, LLC and DIP Holdco 5, Ltd. dated June 30, 2010.
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LLP Agreement means the Second Amended and Restated Limited Liability Partnership Agreement of the Company, as it may be amended from time to time.
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LLP Agreement means the Limited Liability Partnership Agreement between Glasgow City Council, the Wheatley Housing Group Limited and the LLP dated 31 March 2017.
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LLP Agreement means a partnership agreement in writing that stipulates that the partnership is to register as an [Enacting jurisdiction] LLP, and includes a partnership agreement that has been amended to so stipulate;
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LLP Agreement means this Agreement or any supplementary Agreement hereto determining the mutual rights and duties of the partners and their rights and duties inter se and in relation to the LLP.
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LLP Agreement the Limited Liability Partnership Agreement of the Partnership, dated as of April 1, 2008, as amended.
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LLP Agreement means this Agreement or any supplement thereof determining the mutual rights and duties of the partners and their rights and duties in relation to the LLP. “Partner” means any person who becomes a partner in the LLP in accordance with this LLP Agreement. “She” includes “he” or vice versa. 1. Business - The Partnership business shall be until and unless changes as mutually agreed upon by all the partners for the time being of the LLP. 2. Name- The name under which the Partnership business shall be carried on will be the one permitted by the Registrar out of the three names proposed by mutual agreement of the Parties hereto.
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