The following Commercial Q&A provides comprehensive and up to date legal information covering:
A limited liability partnership (LLP) is a body corporate that is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000) as opposed to a partnership that doesn’t constitute its own body corporate. For more as to an LLP’s status as a separate legal entity, see Practice Note: The nature of a limited liability partnership and its legal framework.
The Precedent: Group definition provides various drafting options for related companies, subsidiaries and holding companies being part of the defined term of ‘Group’. The overall ‘Group’ definition depends in part upon further defined terms including ‘subsidiary’ and ‘holding company’, as to which see Precedents: Subsidiary definition and Holding company definition.
There are two alternative drafting options available
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